Homewares and fragrance retailer, Dusk Group, is expecting strong sales to continue as it implements its product-led turnaround strategy.
Total sales for FY25 are expected to reach between $137 and $139 million, significantly higher than the $126.7 million same time last year. Underlying EBIT is expected in the range of $7 to $8 million compared to $6.2 million last year and net cash will be between $18 and $20 million at period end.
Dusk is achieving ongoing sales and EBIT growth year-on-year as we drive new customer acquisition and expanding into new product categories, explains CEO and managing director Vlad Yakubson.
“FY25 is an important year for dusk as we continue to transform the business,” he says.
Indeed, the recent Mother’s Day week highlighted Dusk’s importance as a gifting destination, delivering year-on-year growth.
“We are excited by the improvements we are planning for FY26, as we deliver refreshed core product ranges, exciting seasonal and fashion product and further category expansion.
“We are in a strong financial position and our inventory remains clean and well balanced.”
Image: Dusk Instagram
