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Beacon Lighting sees bright year amid renovation boom

Sue Mitchell

Beacon Lighting shares rose as much as 7.6 per cent on Thursday after the specialty lighting retailer upgraded full-year profit forecasts amid a COVID-19-inspired boom in home renovations.

Beacon chief executive Glen Robinson expects net profit for the 12 months ending June to reach between $35.5 million and $37.5 million, compared with underlying profit (excluding property gains) of $20.4 million in 2020.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/retail/beacon-lighting-sees-bright-year-amid-renovation-boom-20210520-p57tl2