Group sales for the year were $582.8 million, +5.4% on the previous period, annual homeware sales were $372.5 million (+4.1%), while sporting goods sales were +7.85% ($210.3 million).
On a same store basis (adjusted against last year’s 53-week period), full year group sales were +4.9%, homeware sales +3.79% and sporting goods sales +7.0%.
Drilling down into Q4 (Nov-Jan), sales were down across the board: group sales were -2.15% ($188.9 million); as were homeware sales (-2.16% to $123.2 million); and sporting goods sales (-2.12% to $65.7 million).
Q4 same store sales were more positive with group sales +1.78%, homeware sales +1.52% and sporting goods sales +2.27%.
Expecting to report a record full year Net Profit After Tax (NPAT) of around $59 million (+25% on last year), Managing Director Rod Duke was pleased with the overall final quarter performance, even though sales "eased a little" thanks to one less week in this quarter compared to last year, a slow start to Christmas trading and the "late and inconsistent weather".
The final audited full year result is expected on 14 March 2017
UPDATE: See the final audited year end results (with only minor changes from what we reported in this article) here.