NPAT of $250m beat mid point of guidance of $241m. Cash flow a highlight, free cash being 97% of NPAT, meaning big reduction in net debt and the final dividend up from 46c to 51c.
Sales just below the guidance of $7.1b of FY19.
The profit beat came from uplift in margin at The Good Guys, EBIT margin up 0.5% in part due to lower depreciation.
The new year has started well for JBH stores with SSS growth 3.2% in July, but not so well at TGG where SSS growth declined 3.4% in July. Sales forescat for the group to rise just over 2% for FY2020.
All in all a credible result, especially relative to other similar predominantly bricks and mortar retailers.
Ann: Company Announcement - 2019 Full Year Results, page-2
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Last
$60.34 |
Change
0.410(0.68%) |
Mkt cap ! $6.597B | |||
| Open | High | Low | Value | Volume |
| $60.05 | $60.81 | $59.89 | $12.57M | 208.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 808 | $60.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.58 | 368 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$60.48 |
Change
0.410 ( 0.93 %) |
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| Open | High | Low | Volume | ||
| $59.99 | $60.81 | $59.92 | 33624 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
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