Cashbuild - operational update











The Cashbuild Group adopts the retail accounting calendar, which comprises the reporting period ending on the last Sunday of the month (Year ended June 2019 53 weeks; Year ended June 2018 52 weeks). Although the group traded for 53 weeks in this financial year, it is appropriate and good practise to illustrate the comparative 52 week period. The below highlights both the comparable trading results (52 vs 52 weeks) as well as the statutory trading results (53 vs 52 weeks).

52 vs 52 trading weeks:
Revenue for the fourth quarter for the Cashbuild Group was up 7% on the fourth quarter of the prior financial year, with the 34 new stores opened or acquired since 1 July 2016 contributing 3% of the increase, whilst the 281 existing stores increased by 4%. The growth for the fourth quarter together with the growth of the previous quarters, equates to an increase in revenue for the Cashbuild Group of 4% for the financial year, with new stores contributing 3% of the increase and existing stores increasing 1%.

Transactions through the tills during the fourth quarter for the Cashbuild Group increased by 4% to that of the comparative period, with new stores contributing 4% of the increase while existing stores remained at similar levels to that of the comparative period. The growth for the fourth quarter together with the growth of the previous quarters, equates to an increase in transactions for the Cashbuild Group of 1% for the financial year, with new stores contributing 4% of the increase and existing stores decreasing by 3%.

53 vs 52 trading weeks:
Revenue for the fourth quarter for the Cashbuild Group increased by 15% while revenue for the financial year increased by 6%. Transactions through the tills during the fourth quarter for the Cashbuild Group increased by 13% and increased by 3% for the financial year.

Selling inflation was 3% at the end of June 2019 when compared to June 2019. Gross profit margin percentage remained at similar levels to those reported for the prior year.

During the fourth quarter, the Group added three new stores (three Cashbuild), closed six stores at the expiration of their lease agreements (two Cashbuild, two Cashbuild DIY and two P&L Hardware), relocated one Cashbuild store and refurbished 11 Cashbuild stores, bringing the total number of stores trading at the end of the financial year to 315.





2019-07-22 17:22:51