Adairs Ltd. (AU:ADH) has released an update.
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Adairs Ltd. reports a challenging fiscal year 2024, with overall sales down by 4.3% and statutory net profit after tax (NPAT) decreasing by 17.8%, despite a gross margin improvement and a 50% increase in dividends per share. The company attributes the mixed results to distinct consumer behaviors amid a tough macroeconomic climate but notes progress in key objectives, cost management, and the strengthening of its businesses for future growth. Additionally, the successful transition to an in-house National Distribution Centre is expected to drive further improvements and cost savings in the coming year.
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