Universal Store Trading Higher as Profits Beat Expectations

Universal Store accelerates earnings growth in robust first half

Universal Store has delivered a strong first-half result, posting double-digit growth across sales and profit as improved margins and full-price sell-through lifted earnings.

Universal Store trading higher as profits beat expectations

Shares in Universal Store Holdings Ltd (ASX: UNI) were trading higher on Thursday morning after the company delivered a profit result which bested analyst expectations. The youth-focused fashion retailer said in a statement to the ASX that group sales for the first half had come in at $209.6 million, up 14.2% on the previous corresponding period. Sales in the core Universal Store division were $174.8 million, up 11.9%, or 8.7% on a like for like…

Universal Store Profits Soar in Half-Year

Universal Store Group, an Australian retailer focusing on youth fashion, has reported a substantial increase in its half-year net profit. The company posted a net profit of $28.3 million, a 150 per cent increase compared to the equivalent period last year. Universal Store focuses on providing trend-conscious customers with quality, on-trend clothing and accessories, stocking a mix of international and Australian brands, as well as its own privat…