Skip to Content

Harvey Norman (HVN) $3.41

HVN +4.92%: the retailer was strong today after it provided guidance for the first time in FY23, just days out from the end of the year. The company expects profit within 5% on either side of $670m based on the first 11 months of the year through May. This number, however, excludes property revaluations expected in the range of $119m, taking the total profit to a strong ~$800m, well ahead of the market. The figures suggest a far better-than-expected 2H with the much-touted roll-off in demand not coming through as expected, or at least not as harshly. Harvey Norman shares were trading near 3-year lows ahead of the announcement on the downbeat attitude to retail.

MM still has no interest in HVN
Add To Hit List
image description
Harvey Norman (HVN)
Back to top