tiprankstipranks
The Reject Shop Reports Record Sales and Growth Plans
Company Announcements

The Reject Shop Reports Record Sales and Growth Plans

Reject Shop Limited (AU:TRS) has released an update.

Don't Miss our Black Friday Offers:

The Reject Shop Limited has reported record sales of $852.7 million for FY24, reflecting a 4.1% increase, despite a challenging retail environment. The company’s new merchandise strategy focusing on low prices and variety has been well received by customers, leading to improved gross profit margins. With a strong balance sheet and plans to open 15-20 new stores in FY25, The Reject Shop is poised for growth in the discount variety retail sector.

For further insights into AU:TRS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskThe Reject Shop Gains Strong Shareholder Support
TipRanks Australian Auto-Generated NewsdeskThe Reject Shop Announces 2024 Virtual AGM
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App