Harvey Norman

If Harvey Norman’s first quarter sales results were poor, the second quarter sales were abysmal. The company announced yesterday that global same-store sales fell a whopping 8.0%, with Australia worse than the average at minus 9.5%. Same-store sales in Ireland rose by 10%, although don’t read too much into that. The half-yearly results showed that Harvey Norman is living in a world of pain. Company-operated sales revenue might have been flat at $807m and ‘Other’ revenue fell slightly to $584m but, digging deeper, the franchising margin fell sharply from 5.5% to 3.7%. While headline net profit declined only slightly to...

If Harvey Norman’s first quarter sales results were poor, the second quarter sales were abysmal. The company announced yesterday that global same-store sales fell a whopping 8.0%, with Australia worse than the average at minus 9.5%. Same-store sales in Ireland rose by 10%, although don’t read too much into that.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles