Consumers’ willingness to keep spending on expensive coffee machines and air fryers helped the Breville Group lift net interim profits 1 per cent to $78.7 million despite rising prices.
Breville chief financial officer Martin Nicholas said premium products such as the $1199 Barista Express Impress and the $500 Joule Oven Air Fryer Pro were selling well as supply chain glitches eased, despite an average price rise of 4 per cent in the six months to December.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com