Nick Scali Ltd FY26 Results: Strong Growth Despite Retail Challenges
Key points
- Group Net Profit After Tax increased by 22%
- ANZ Group revenue grew by 5.1%
- UK gross margin improved significantly to 60.3%
Full summary
Nick Scali Ltd announced its FY26 results, highlighting a 22% increase in Net Profit After Tax, driven by a 4% growth in revenue. The Australia and New Zealand (ANZ) Group saw a 5.1% rise in revenue and a 100 basis point improvement in gross margin to 66.0%. The UK business, while still in the red for the year, showed significant improvements in gross margin to 60.3%. The company also announced the opening of new stores in Australia and the UK, with plans for further expansion in FY27.
Guidance
FY27 expected to see continued growth with new store openings and improved sales performance.
Outlook
The company expects positive momentum to continue in FY27 with new store openings and increased sales orders.
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