Analysts heap praise on Hallenstein Glassons after glimpse at financials

Analysts heap praise on Hallenstein Glassons after glimpse at financials
Glassons Australia has become the group’s largest profit centre and has the most potential for future growth, analysts say. (Image: Supplied)
John Anthony
Analysts have praised New Zealand Exchange-listed Hallenstein Glassons after the fast-fashion retailer released key financial metrics ahead of its full-year result. The metrics showed strong sales growth against the backdrop of a gloomy retail sector.On Thursday, Hallenstein Glassons pre-released some financial year 2024 numbers, which showed group sales for the year to Aug 1, 2024, were $435.6 million, an increase of 6.3% on the $409.7m reported the prior year.Strong second halfA update by Jarden analysts said it was “an impressive...

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