GUD profits toasted

Weak consumer confidence and intense competition has contributed to a 66 per cent fall in profit for the company behind Sunbeam appliances.

By InvestSMART · 25 Jul 2013

By InvestSMART ·
25 Jul 2013

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Weak consumer confidence and intense competition has contributed to a 66 per cent fall in profit for the company behind Sunbeam appliances. GUD Holdings made a net profit of $31.5 million in the year to June 30, down from $92.8 million. Sales from the consumer products business, which includes Sunbeam toasters, kettles and mixers, were down 11 per cent.

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Frequently Asked Questions about this Article…

What happened to GUD Holdings' profit in the year to June 30?

GUD Holdings reported a sharp fall in profit in the year to June 30, with net profit dropping to $31.5 million from $92.8 million the prior period.

By how much did GUD Holdings' profit decline in percentage terms?

GUD Holdings' net profit fell by 66 percent year-on-year.

What factors did the article say contributed to GUD Holdings' profit fall?

The article attributes the profit decline to weak consumer confidence and intense competition.

How did sales perform in GUD Holdings' consumer products business?

Sales in GUD Holdings' consumer products business were down 11 percent over the year.

Which brands and products are included in GUD Holdings' consumer products segment?

The consumer products business includes Sunbeam appliances such as toasters, kettles and mixers.

How are weaker consumer confidence and intense competition linked to sales and profits?

According to the article, weak consumer confidence and intense competition coincided with an 11% drop in consumer products sales, which helped drive the 66% fall in GUD Holdings' overall profit.

How significant is an 11% sales decline for everyday investors watching GUD Holdings?

An 11% drop in the consumer products division is notable because that segment includes mass-market Sunbeam appliances; the article shows this sales fall was a clear contributor to the company's much larger profit decline.

When were the profit and sales figures reported for GUD Holdings?

The figures cover the financial year ending June 30, with the reported net profit of $31.5 million and the 11% fall in consumer products sales for that year.