Originally Posted by
Muse
A decent result all things considered and one that does fly in the face of 'conventional' retail wisdom where it had been argued that things like homewares would be harder hit by the macro environment than things like youth fashion/HLG. Briscoes 1H FY24 result lines up with HLG's 2H FY23 result - both incorporate the same 6 month trading period of February to July. Briscoes NPAT down 6% over this period, whereas HLG down 3x that with its 2H NPAT falling 18%, again over the same period of Feb-July 2023 vs Feb-July 2022.