Dick Smith sales beat guidance
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Electronics retailer Dick Smith (DSH) has posted full-year pro forma sales ahead of its prospectus guidance on the back of a stronger-than-expected fourth quarter.
The retailer unveiled unaudited pro forma sales of $1.228 billion in the year to June 29, slightly ahead of the $1.226 billion it forecast before listing on the ASX in December.
Dick Smith said the results were underpinned by a strong improvement in Australian sales, with fourth-quarter pro forma sales increasing by more than 15% and like-for-like sales growth coming to 4%.
"This improvement reflects the growth in our store network and ‘can do’ trading mentality," Dick Smith said.
"This was achieved despite encountering challenging trading conditions, including further deterioration in Australian consumer sentiment, which has declined steadily since issuing the prospectus."
Dick Smith shares were issued as part of its initial public offering at $2.20 but have remained below that level for some time since, closing last week at $1.93.
Dick Smith will release its official full-year results on August 19.
Call 1300 880 160
Start a chat
Schedule a call
