Homegrown hero Adairs sees room for more after bumper 2021

Sue MitchellColumnist

Aug 20, 2021 – 9.42am

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Key Points

Full-year revenue ($m) 499.8, up 29pc
Pre-tax profit ($m) 95.3, up 81pc
Net profit ($m) 63.7, up 81pc
Final dividend (¢) 10 v 11
Date dividend payable: September 23

Homewares retailer Adairs is ramping up its Linen Lovers loyalty program and expanding its product range to capture an even bigger share of spending after reaping the benefits of a pandemic-inspired home renovation boom.

Chief executive Mark Ronan said the retailer’s “exceptional” performance last financial year, when net profit rose 81 per cent to $63.7 million, was not a flash in the pan and there was more growth to come.