Harvey Norman (HVN) boosted by local sales
Harvey Norman (HVN) +4.79%: shareholders rejoiced today after news they would be getting a 6c special dividend, to offset some of the pain felt when Harvey Norman pulled their scheduled 12c interim payment at the height of the pandemic. The retailer saw local sales boom with the rush for electronics helping local sales rise 17.5% in the second half. Overseas trade wasn’t as fortunate, with many stores closed for extended periods weighing on performance, with many locations still closed. With 1 month left, HVN looks in pretty decent shape for the full year results. As an aside, I bought a new laptop on the weekend and the pimply lad that served me confirmed they’ve been very busy, although less so in the last few weeks.
Harvey Norman (HVN) Chart
