The Breville Group Ltd (ASX: BRG) share price hit a record high of $16.70 today despite the kitchen appliance manufacturer releasing no specific news to the market.
For the six-month period ending December 31 2018 Breville posted a net profit after tax of $43.5 million on revenue of $440.5 million, which represents growth of 20% and 15% respectively.
The group will pay a final dividend of 18.5 cents per share on earnings of 33.5 cents per share, which represents growth of 12% and 20% over the prior corresponding half year.
The strong result explains why the Breville share price has surged around 32% since its February 14 reporting date.
Breville operates in a competitive space, but its core kettle, blender, juicer, microwave, and coffee maker products are actually essential household features so it's a 'discretionary retailer', but one with strong underlying demand.
Profit margins are also key as its best-in-class or market-leading coffee makers or blenders products can command premium prices for households not on a tight budget.
Given its strong track record backed up by a stable board it could perform well into the future. Other retailers performing well include Bellamy's Australia Ltd (ASX: BAL) and Breville investor Premier Investments Limited (ASX: PMV).
