Best and Less Hit $622.2 Million In Revenue – Update 2023

Best and Less Hit $622.2 Million In Revenue – Update 2023

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	62.5
EBITDA margin (%)	10%
NPAT	41.1
Key metrics:
Number of stores	242
Online sales growth (%)	+15.6%
LFL revenue growth (%)	-0.7%
Trading days lost	9,679

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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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