Breville, Adairs eye growth as consumers bunker down

Sue MitchellColumnist

Updated Feb 16, 2021 – 5.27pm, first published at 8.55am

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Key Points

Revenue ($m) 711 up 28.8pc from year-earlier 552
Pretax profit ($m) 90.1 v 68.8
Net profit ($m) 64.2 v 49.7
Interim dividend 13c v 20.5c, payable on March 18

Spending on homewares will continue to grow as consumers spend more time at home, but stock shortages and increased investment could take the edge off strong profit growth at Breville and Adairs this year.

Breville chief executive Jim Clayton said the shift to working from home had increased the size of the appliance seller’s potential market, opening up new areas of growth unforeseen before the pandemic, but demand was likely to differ market to market depending on vaccine uptake.