As per the last report by Best and Less Group, the company made a revenue of about $622.2 million. Though the revenue in FY22 seems to be lower compared to FY21 which made $663.2 M (i.e. -6.2%). If noticed, the Gross Profit of $305.4 Million has been the 2nd highest in the entire journey of Best and Less in Australia.
|Pro forma financial summary||FY22|
|Revenue ($m)||$622.2 Million|
|Gross profit||$305.4 M|
|Gross profit margin (%)||49.1%|
|Total CODB||$242.9 M|
|EBITDA margin (%)||10%|
|Number of stores||242|
|Online sales growth (%)||+15.6%|
|LFL revenue growth (%)||-0.7%|
|Trading days lost||9,679|
Overall Best & Less Financial Performance (Past 3 Years)
To add on:
The company has a healthy financial position with a strong cash flow and balance sheet, and a net cash position of $36.7 million.
Best&Less has declared a final dividend of 12 cents per share, which is fully franked. This brings the total dividend for the year to 23 cents per share, resulting in a fully franked dividend yield of 8.8% and a payout ratio of 79.8%.
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