Harvey Norman (HVN) sales continue trending higher
Harvey Norman (HVN) +2.07%
Consumer names were higher today, though Harvey Norman paced the pack on continued growth in sales numbers. For the period 1 July to 17 September comparable sales were up over 30% across the network, with the bulk of the work done by a 34.5% lift in Australian stores. While there was little commentary, they did note profit before tax had increased 185.8% on an unaudited basis for the period to 31 August. Clearly the work, and entertainment from home spend has continued into the new year and HVN has benefitted, though continues to lag JB Hi-Fi (JBH) which is currently trading above pre-COVID levels.
Harvey Norman (HVN) Chart
