Investors flee candle retailer Dusk despite higher | Australian Markets
Investors fled Dusk on Friday despite the home perfume and candles retailer forecasting higher gross sales and earnings for the 2025 financial 12 months.
In a trading replace, the company stated it anticipated whole full-year gross sales to hit between $137 million and $139m, up from the $126.7m final 12 months.
Underlying earnings is forecast to be between $7m and $8, up from the $6.2m recorded within the 2024 financial 12 months.
But shareholders responded negatively to gross margin pressures. Dusk stated the gross revenue charge for 2025 was anticipated to be 50 to 100 foundation factors decrease on final 12 months’s 64.3 per cent, sending shares 26.5 per cent, or 31¢, decrease to 86¢.
The NSW-based retailer has about 140 shops throughout Australia, in line with its 2024 annual report.
Dusk stated it continued to implement its product-led turnaround strategy, attaining ongoing gross sales and earnings growth year-on-year because it drove buyer acquisition and increasing into new classes.
Chief government Vlad Yakubson stated the 2025 financial 12 months was an important 12 months for the retailer because it remodeled the business.
“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,” he stated.
“We are in a strong financial position and our inventory remains clean and well balanced.”
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