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Adairs Limited (ASX:ADH)

ALERT: Price-sensitive ASX Announcement for ADH
Current share price for ADH : $1.520 -0.29 (-16.02%)+
Announcement
Release
23 Feb 2026 9:25AM
Price at Release
$1.810
Full Release
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Summary
Adairs Limited reported a strong financial performance for the first half of FY26 with total sales increasing by 5.9% to $329 million. Despite a slight decline in gross margin due to clearance activities in Q1, the company experienced improved performance in Q2. Mocka achieved record sales driven by product innovation and customer acquisition, and plans to open its first standalone retail store. Focus on Furniture is undergoing strategic changes with new leadership to enhance operations. Adairs continued to focus on store expansion and refurbishments, while maintaining efforts to improve profitability through operational simplification. An interim dividend of 5.5 cents per share was declared, reflecting confidence in ongoing business momentum.
Key Points
  • Adairs Limited achieved a 5.9% increase in sales for 1H FY26, reaching $329 million.
  • Gross margin slightly decreased to 58.7% from 59.9% in the previous period.
  • Adairs undertook significant clearance activities in Q1 which improved sales performance in Q2.
  • Mocka saw significant growth with sales up 29.8% and plans to open its first standalone retail store.
  • Focus on Furniture implemented leadership changes to reset operations and strategy.
  • Adairs declared an interim fully franked dividend of 5.5 cents per share for 1H FY26.
  • The company is focused on simplifying business operations to reduce CODB% and increase EBIT margins.
  • There are plans for new store openings and refurbishments across all brands.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.