Universal Store reports 9.3% sales growth
Key points
- Universal Store Holdings reported a 9.3% increase in direct-to-customer sales for the first 17 weeks of FY27.
- The share price fell down to $7.68 following the trading update announcement.
- Management expects to open 16 to 20 new store locations across the group during FY27.
Universal Store Holdings (ASX:UNI) delivered a 9.3% boost in direct-to-customer sales across its retail network for the first 17 weeks of the 2027 financial year.
The youth fashion retailer expanded on its growth from the first seven weeks of FY27, when direct-to-customer sales were up 9.1%.
"Gross margins remain robust with our disciplined pricing strategy and expansion of the PS retail format," said Universal Store Holdings Group CEO Alice Barbery.
The group opened five new stores during the period, with seven additional openings scheduled before Christmas as part of its FY27 expansion plan.
Following the announcement, the Universal Store Holdings share price was down at $7.68.
The retailer had previously reported $376.1 million in group sales for FY26, representing a 12.9% year-on-year increase.
The company stated that its broader network plans include long-term store targets of more than 100 Universal Store locations and 60 Perfect Stranger locations.
