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

Mon, 09 Sep 2024

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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