Nick Scali Limited Reports Earnings Results for the Full Year Ended June 30, 2022
August 21, 2022 at 06:40 pm EDT
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Nick Scali Limited reported earnings results for the full year ended June 30, 2022. For the full year, the company reported sales was AUD 440.96 million compared to AUD 373.04 million a year ago. Net income was AUD 74.92 million compared to AUD 84.24 million a year ago.
Basic earnings per share from continuing operations was AUD 0.925 compared to AUD 1.04 a year ago. Diluted earnings per share from continuing operations was AUD 0.925 compared to AUD 1.04 a year ago.
Nick Scali Limited is a furniture retailer operating in Australia and New Zealand. The Company is engaged in the sourcing and retailing of household furniture and related accessories. Its sofas and armchairs collection include recliner sofa collections, leather sofa collections, fabric sofa collections, occasional armchairs, and others. Its living room collections include TV and entertainment units, coffee tables, side tables, console and hallway tables, and others. Its dining room collections include dining tables, dining chairs, and buffet tables and sideboards. Its bedroom collections include mattresses, bedframes, bedside tables, and dressers, among others. Its rugs and accessories collections include rugs and mirrors. It imports more than 5,000 containers of leather and fabric lounges as well as dining room and occasional furniture. The Company has stores located in New South Wales, Queensland, Victoria, Tasmania, South Australia, Western Australia, and others.