The Reject Shop Posts 4.1% Sales Rise in H2

MT Newswires Live

2024/10/17

The Reject Shop (ASX:TRS) posted a 4.1% on-year rise in total sales for the second half of fiscal 2024 to date, according to a Wednesday filing with the Australian bourse.

Comparable sales were up 3.3% from a year earlier, the filing stated. Customer and unit growth drove the increase, representing a continuation of positive sales momentum from the first half despite a challenging macro and retail environment.

The Australian discount store expects its 2024 earnings before interest and taxes in the range of between AU$4 million and AU$5.5 million, according to the filing.

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