- Harvey Norman reported a net income of A$518.0 million for the financial year, marking an impressive 47% increase compared to the previous year.
- Net income significantly surpassed analysts’ estimates of A$449 million.
- The company’s revenue reached A$2.92 billion, an increase of 4.1% from last year, although it was below the estimated A$3.89 billion.
- Aggregated sales rose by 5.5%, totaling A$9.35 billion.
- Earnings before interest and tax (Ebit) amounted to A$871.0 million, which represents a 33% rise year-over-year.
- The final dividend per share increased to A$0.145 from the previous year’s A$0.120.
- Franchisee sales revenue was A$6.43 billion, a growth of 6.1% from the previous year.
- July saw aggregated sales grow by 9.9% year-over-year and comparable sales rise by 8.7%.
- Continued momentum in sales was observed, notably in the fourth quarter, extending into early FY26.
- For July, Australia’s franchisees recorded a same-store sales growth of 6.4% year-over-year, while New Zealand achieved 8.8%.
- Slovenia and Croatia saw remarkable same-store sales growth of 27.4%, and Ireland followed with a 21.4% increase.
- The UK reported a more modest 2.3% rise in July same-store sales.
- Other notable increases in July same-store sales included Singapore at 14.2% and Malaysia at 13.1%.
- Analyst ratings for Harvey Norman include 7 buys, 3 holds, and 3 sells.
- Comparisons to past results are based on values from the company’s original disclosures.
A look at Harvey Norman Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Harvey Norman Holdings, the company seems to have a mixed long-term outlook. With a strong score in Dividend and Momentum, investors may find comfort in the company’s ability to provide consistent payouts and show positive price trends. However, the lower scores in Growth and Resilience could hint at challenges in expanding the business and weathering unforeseen difficulties.
Harvey Norman Holdings Limited, a company overseeing various franchises operating under the name “Harvey Norman Discounts,” focuses on selling home wares and electrical goods. Apart from providing advisory services to these franchises, the company also delves into consumer finance and maintains property investments. This diverse portfolio indicates a multifaceted approach to generating revenue streams for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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