Shaver Shop Shows Resilience and Growth in FY24

Shaver Shop Group Ltd. (AU:SSG) has released an update.

Shaver Shop Group Limited reports a resilient FY24 with total sales of $219.4 million and an NPAT of $15.1 million, down 10.1% from the previous year. Despite a slight downturn, the company’s results have significantly improved since pre-pandemic levels, with sales and NPAT up by 31.1% and 105.5% respectively from FY19. Shaver Shop also heralds a robust balance sheet with a net cash position of $13.3 million and a consistent dividend payout, while preparing to launch its private brand Transform U in Q2 FY25.

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