Adairs has released its FY22 results showing statutory net profit after tax was $44.9 million, a fall of 29.6%.

The retailer has listed a number of problems including supply chain disruptions and higher freight costs.

?The majority of these costs are not expected to carry into future years and while a number of macroeconomic headwinds have emerged in recent months, we are confident that this tougher environment will favour companies such as Adairs, Mocka and Focus,? said CEO Mark Ronan.

The Adairs share price dropped 3.4% following the announcement.