Harvey Norman has reported a 1.7% year-on-year increase in aggregated sales for the period 1 July 2024 to 31 October 2024. Comparable sales were up 1.4% on the previous corresponding period.
Australian franchisees recorded a 3.2% year-on-year sales increase and 3.1% rise in comparable sales during the period.
Two new franchised complexes were open in Macgregor, Queensland and Melton, Victoria in September and October respectively.
On a global level, Malaysia was the stand-out performer with sales up 8.2% ahead of the United Kingdom (7.6%), Slovenia & Croatia (4.4%) and Ireland (1.5%). Both New Zealand and Singapore experienced sales declines of 8.6% and 1.5% respectively.
Four new company-operated stores were opened – one in Malaysia, two in New Zealand and one in Merry Hill, the first Harvey Norman in England.