Compared to overall TWG group sales (+5.5%), the Red Sheds and Blue Sheds, Noel Leeming's sales growth in Q3 (to 1 May 2016) was spectacular, with $180.6 million, which was +16.7% on the same quarter last year.
Only Torpedo 7 with Q3 sales +13.6% approached Noel Leeming's result, which also boasted same store sales of +17.5% and like-for-like same store sales +17.0%.
Commenting on the Noel Leeming result Group Chief Executive Officer Nick Grayston was pleased with Noel Leeming continueing to grow market share in a competitive market.
Cellular and wearables were "standout performers" (with better stock availability of new smartphone releases compared to last year) and whiteware also performed well.
This result represents a further top line improvement on Noel Leeming's already decent first half top line numbers.
TWG's overall Q3 online sales growth was also impressive, +22.7% to $40.5 million, or a little over 6% of TWG's total Q3 sales ($672.2 million).
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