dusk Group Ltd forecasts sales of between $137 million and $139 million for FY25, up from the previous fiscal year’s $126.7 million.
It estimates its full-year gross profit to to be 50 to 100 basis points lower than 64.3 per cent in the previous year and underlying EBIT to be between $7 million and $8 million, compared to $6.2 million a year ago.
The home fragrances and candles retailer said it witnessed higher sales during the Mother’s Day week, reflecting its importance as a gifting destinaiton.
“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,” said Vlad Yakubson, CEO and Managing Director at dusk.
“We are in a strong financial position and our inventory remains clean and well balanced.”
For the fiscal first half, the company reported sales of $87.4 million, an increase of 12.3 per cent in the year-ago period, on the back of higher online sales.
The company attributed the growth to its elevated content, digital marketing, and the capabilities of our its site.