Morgan BellDavid Jones Makes $1bn Half Year Sales
January 17th 2007 07:23
David Jones had a great Christmas season and its sales went over the roof. This amazing company keeps bettering the predictions and Myer is no match for it. Stay with me for a look on DJ’s.
The news today, 17 January 2007, is that “David Jones is likely to smash through a record $1 billion sales barrier with its latest half-year figures, after well-heeled shoppers flocked to its department stores over Christmas.”
“The high-end retailer has issued a hefty upgrade to sales and profit forecasts for the first half of the financial year — much to the delight of investors.”
“David Jones' shares surged almost 7 per cent to a record close of $4.35 on news interim profit would range between $68 million and $71 million — up to 30 per cent higher than the same period last year.”
“Yesterday, he (managing director Mark McInnes) revealed that stronger-than-expected trading over the past two months would lift sales growth for the period closer to 8 per cent.”
“The rise suggests that sales revenue for the first six months of this financial year could reach $1.03 billion.”
“Mr McInnes said strong trading in all stores and across all departments was a result of buoyant economic conditions leading up to Christmas, because of stable to rising house prices, record low unemployment and reasonable consumer confidence.”
“"In good consumer spending times, people trade up to aspirational department stores as ourselves," Mr McInnes said, adding that it was still too soon to establish whether David Jones was taking market share from rival Myer, other department stores or specialty retailers.”
“He said traditional gift-giving categories, such as cosmetics and gift vouchers, had performed well over Christmas, while the Apple iPod was again a big seller.”
This news was published in the online version of The Age under the title “David Jones set to ring up record $1bn sales” and was written by Rebecca Urban.
David Jones (ASX: DJS) is a remarkable business whose earnings keep going up. You can only ask how far it can go.
David Jones Managing Director is Mark McInnes. It is located in Sydney and its website address is www.davidjones.com.au. David Jones offers shareholder discounts.
DJS’s Revenues in 2006 were $1,851 million – their first half 2007 must now be more than $1 billion.
DJS’s Net Profit in 2001 was $28 million and in 2006 $81.1 million, a compound annual growth rate of 23.7 per cent, which is just great.
EPS grew from 7.3 cents in 2001 to 17.1 cents in 2006, a compound annual growth rate of 18.6 per cent. EPS is predicted to grow to 23.4 cents in 2008 but, given the news, migh be better.
Net Profit Margin was 4.4 per cent and Return on Equity was 22.7 per cent.
DJS paid a Dividend of 16 cents in 2006.
David Jones has no Debt and its Equity is $357.4 million.
DJS’s price is $4.26 and P/E is 24.9 times being the sector average 17 times. P/B ($0.82) is 5.2 times being the sector 3 times. These make DJS look expensive at this stage.
End
The news today, 17 January 2007, is that “David Jones is likely to smash through a record $1 billion sales barrier with its latest half-year figures, after well-heeled shoppers flocked to its department stores over Christmas.”
“The high-end retailer has issued a hefty upgrade to sales and profit forecasts for the first half of the financial year — much to the delight of investors.”
“David Jones' shares surged almost 7 per cent to a record close of $4.35 on news interim profit would range between $68 million and $71 million — up to 30 per cent higher than the same period last year.”
“Yesterday, he (managing director Mark McInnes) revealed that stronger-than-expected trading over the past two months would lift sales growth for the period closer to 8 per cent.”
“The rise suggests that sales revenue for the first six months of this financial year could reach $1.03 billion.”
“Mr McInnes said strong trading in all stores and across all departments was a result of buoyant economic conditions leading up to Christmas, because of stable to rising house prices, record low unemployment and reasonable consumer confidence.”
“"In good consumer spending times, people trade up to aspirational department stores as ourselves," Mr McInnes said, adding that it was still too soon to establish whether David Jones was taking market share from rival Myer, other department stores or specialty retailers.”
“He said traditional gift-giving categories, such as cosmetics and gift vouchers, had performed well over Christmas, while the Apple iPod was again a big seller.”
This news was published in the online version of The Age under the title “David Jones set to ring up record $1bn sales” and was written by Rebecca Urban.
David Jones (ASX: DJS) is a remarkable business whose earnings keep going up. You can only ask how far it can go.
David Jones Managing Director is Mark McInnes. It is located in Sydney and its website address is www.davidjones.com.au. David Jones offers shareholder discounts.
DJS’s Revenues in 2006 were $1,851 million – their first half 2007 must now be more than $1 billion.
DJS’s Net Profit in 2001 was $28 million and in 2006 $81.1 million, a compound annual growth rate of 23.7 per cent, which is just great.
EPS grew from 7.3 cents in 2001 to 17.1 cents in 2006, a compound annual growth rate of 18.6 per cent. EPS is predicted to grow to 23.4 cents in 2008 but, given the news, migh be better.
Net Profit Margin was 4.4 per cent and Return on Equity was 22.7 per cent.
DJS paid a Dividend of 16 cents in 2006.
David Jones has no Debt and its Equity is $357.4 million.
DJS’s price is $4.26 and P/E is 24.9 times being the sector average 17 times. P/B ($0.82) is 5.2 times being the sector 3 times. These make DJS look expensive at this stage.
End
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