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Bunnings: plus 24 per cent from January to June

Bunnings operates more than 270 warehouse stores.

Bunnings operates more than 270 warehouse stores.

Australia's DIY market leader, Bunnings, increased its revenue in financial year 2019/2020 (ending: 30 June 2020) by 13.9 per cent to AUD 14.999 bn (EUR 9.11 bn). Total store sales rose by 14.7 per cent, store-on-store sales growth, which excludes stores that were impacted by temporary closure in New Zealand, also amounted to 14.7 per cent.

From January to June, total sales increased 23.4 per cent, or 25.6 per cent excluding New Zealand stores that were temporarily closed due to government-mandated trading restrictions, with total store sales growth of 24.4 per cent. Store-on-store sales grew 25.8 per cent. Higher second-half sales growth was underpinned, according to the company, by strong growth in consumer sales, with customers spending more time working and undertaking projects at home. Sales of gardening and painting products were particularly strong. Generally, the company writes, the Australian bushfires and Covid-19 had a significant impact on Bunnings' operations.

During fiscal 2019/2020, Bunnings opened nine new warehouses, two smaller format stores and acquired six stores as part of the Adelaide Tools acquisition. Bunnings closed 13 stores, including ten underperforming stores in New Zealand, and converted one New Zealand small format store into a trade centre. At the end of the period there were 274 warehouses, 68 smaller format stores and 30 trade centres in the Bunnings network and a further 16 stores under construction, as well as six Adelaide Tools stores.

|21 August 2020 | 10:23


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