Premier Investments (ASX:PMV) FY24 Trading Update

Premier Investments Limited (ASX:PMV) has provided an unaudited trading update for its wholly owned retail brands, Premier Retail, for the 52 weeks ended 27 July 2024 (FY24). The update includes total global retail sales of $1.60 billion and EBIT (post AASB 16) of approximately $341 million, and EBIT (pre AASB16) of approximately $326 million. It's important to note that these figures are unaudited and subject to finalization and external audit.

Executive Commentary on FY24 Trading Update

The unaudited trading update for FY24 reflects the resilience and strength of our retail brands, despite the challenging market conditions. We are pleased with the performance of Premier Retail, achieving total global retail sales of $1.60 billion and EBIT of approximately $341 million. These results demonstrate the effectiveness of our strategic initiatives and the dedication of our team. We remain focused on delivering value to our customers and shareholders while navigating the evolving retail landscape.

Summary of Premier Investments FY24 Trading Update

Premier Investments Limited (ASX:PMV) has released an unaudited trading update for its wholly owned retail brands, Premier Retail, for FY24. The update highlights total global retail sales of $1.60 billion and EBIT (post AASB 16) of approximately $341 million, and EBIT (pre AASB16) of approximately $326 million. These figures, while unaudited, showcase the company's resilience and strategic prowess in the face of challenging market conditions. Looking ahead, Premier Investments remains committed to delivering value to its customers and shareholders while adapting to the dynamic retail environment.