Adairs reports $641.7M sales, $39.4M net loss in FY26

• Group sales reached $641.7 million for the 52 weeks ended June 28, representing a 3.8% increase compared to the previous period.
• The company declared a fully franked final dividend of 6 cents per share, bringing the full-year dividend total to 11.5 cents per share.
• Management stated that portfolio and capital management actions, including closing underperforming stores and exiting Adairs New Zealand, were executed to simplify the business.

Adairs (ASX:ADH) reported group sales of $641.7 million for the 52 weeks ended June 28, alongside a statutory net loss of $39.4 million.

The full-year result reflected growth in the Adairs and Mocha brands that was partially offset by a decline and ongoing operational challenges at Focus on Furniture.

Underlying group EBIT of $55 million, with Adairs and Mocka delivering double digit growth.

"Adairs and Mocka generated genuine momentum – stronger products, expanding margins and deeper customer engagement – and the exit of Adairs New Zealand creates a simpler business. Focus on furniture underperformed, and considerable work remains in its turnaround," said Adairs Group CEO and Managing Director Elle Roseby.

The statutory net loss included non-cash impairments at Focus on Furniture, SaaS project costs, exit costs for Adairs New Zealand, and lease accounting adjustments under AASB 16, while group net debt decreased by $20 million year-on-year to $47.6 million.

Following the announcement, the Adairs share price was up at $1.43.

In the first eight weeks of FY27, group sales were down -4.5% on the prior year.

The company operates multiple retail brands across Australia and New Zealand, focusing on homewares, furniture, and home decoration products.