Reject Shop Grows Sales Amid Profitability Dip

Reject Shop Limited (AU:TRS) has released an update.

The Reject Shop Limited reported a 4.1% sales increase to $852.7 million in FY24, though profitability dipped with EBIT and NPAT falling by 16.8% and 35.9% respectively compared to the adjusted previous fiscal year. Despite a challenging economic climate, the company’s new merchandise strategy led to growth in customer transactions and sales, particularly in its Homewares range and seasonal events. They are focusing on expanding their store network with 17 new openings, offset by 12 closures, and targeting 15-20 new stores in FY25.

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