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| Business Description | |
| Company's activities |
David Jones (DJS) is a leading upmarket retailer with stores throughout Australia. The Group operates 35 department stores and 2 warehouse outlets. |
| Strategic Analysis | |
| Analysis of company's stated forward thinking |
DJS is positioned as Australia´s only true upmarket department store chain selling high quality merchandise at a reasonable price within a genteel environment. A strong focus on building the fashion franchise has generated significantly higher trading volumes, and attracted an increasing number of suppliers/labels. Its growing importance to suppliers has delivered improved contract terms, increasing profitability and reducing risk. A core strategy is owning its flagship CBD stores in Sydney and Melbourne allowing greater self-determination. The company plans to launch a general purpose credit card in 2009. This will both leverage and reinforce the David Jones brand.NPAT grew 35.0% to $109.5m, with 2H07 NPAT up 44.4%. Diluted EPS expanded 32.7% to 22.7c. The H2 dividend was 44.4% higher at 13c, and total dividends up 37.5% to 22c fully franked. The Department Store EBIT margin increased 90 bps to 8.9% with the Cost of Doing Business (CODB) down 40 bps to 32.3%. Store credit card EBIT grew 5.8% to $36.1m while Retail EBIT jumped 63.7% to $139.9m. EBIT interest cover was 10.5 times. |
| Last Financial Year End | |
| Reporting period |
30/07/07 |
| Indices | |
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Data and Analysis provided by Huntley Investment Information Pty Ltd
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