No rejection here
The Reject Shop (ASX:TRS) delivered a robust performance in FY24, reporting record sales of $852.7 million, a 4.1% increase year-on-year, despite operating in a challenging retail environment.
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The Reject Shop Limited
The Reject Shop first opened its doors in 1981 when founders Ron Hall and John Shuster set up shop in the Melbourne suburb of South Yarra. Almost 40 years later, The Reject Shop is a household name with more than 350 locations nationwide, known for providing great value on everyday items.
As the next chapter of our story unfolds, The Reject Shop will continue to focus on helping all Australians save money every day.
The Reject Shop also ranges high-quality private brands and sells products from some Australia’s most-trusted brands including Cadbury, L’Oreal, Dynamo, Nivea, Pepsi, Finish, Omo, Carmen’s but all with our single purpose in mind…to help all Australian’s save money.
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News
Reject Shop anticipates earnings slump despite sales growth
Discount retailer The Reject Shop (ASX:TRS) is expecting a more than halving in earnings for the year ending June 30, despite reporting reasonable sales growth for the latest quarter and financial year to date.
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The Reject Shop sees dividend reinstatement and growth
In the world of retail, divergent outcomes are evident between The Reject Shop (TRS) and Lovisa, showcasing distinctive retail strategies.
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Trading Tidbits: TRS, CCP, NUF
While the overall market continued its strong start to 2023, the ongoing challenges were on full display in Wednesday's updates from The Retail Shop, Credit Corp and Nufarm.
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Company Chatter: BRG, KGN, TRS
Poor market sentiment in Tuesday's ASX session had a say in how the latest profit results from appliance maker Breville, e-tailer Kogan and discount chain The Reject Shop were received.
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Trading Tidbits: GUD, TRS
A couple of news items from Thursday's ASX trading session, with GUD Holdings announcing a late profit downgrade and The Reject Shop filling a vacant key management role.
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Boardroom Musical Chairs at CBA and TRS
Changes afoot at both ends of the spectrum with the Commonwealth Bank getting a new chair and retailer The Reject Shop in the market for a new CEO after a surprise departure.
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Profit Briefs: BLX, TRS
With peak reporting season upon us, here are snippets from the results announced yesterday by a couple more retail companies: Beacon Lighting and Reject Shop Ltd.
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The Reject Shop (Still) Requires A Leap Of Faith
While freight costs/delays, lockdowns and consumer behaviour continue to shadow progress, brokers are looking beyond the short-term pain to a continuation of TRS’s turnaround story beyond 2022
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TRS – Morgans rates the stock as Add
The analyst lowers EPS forecasts for FY21-23 by -25%, -17% and -11%, respectively. The target price falls to $6.80 from $8.91 and the Add rating is maintained.
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