Investors will be hoping the Adairs Ltd (ASX: ADH) share price will react the same as it did last reporting season.
The homewares retailer was a market darling last year as many Australians were ordered to stay at home.
Let’s take a look at how the Adairs share price responded last earnings season.
Here’s how the Adairs share price responded last year
The Adairs share price bolted more than 17% after releasing its full-year results for FY20.
Shares in the retailer closed 10% higher as investors digested the company’s performance.
For FY20, Adairs reported a 110.5% surge in online sales of $124.2 million, which contributed 34.8% to total sales.
Overall, total sales for the company were up 12.9%, with in-store sales struggling during the pandemic.
Adairs also reported a 39.7% surge in underlying earnings before interest and tax to $60.7 million.
For FY20, the retailer also reported a 19% jump in statutory net profit after tax of $35.3 million.
The company’s management highlighted the role of the pandemic in driving demand to its online platform.
For FY20, Adairs rewarded shareholders by declaring a final dividend of 11 cents per share, fully franked.
Snapshot of the Adairs share price
Adairs is a soft furnishings and homewares retailer that operates in Australia and New Zealand.
In addition to more than 160 physical stores, the company also has a strong online presence.
The Adairs share price has been relatively subdued in 2021 although is currently 12% higher since the start of the year.
After hitting a record high of $4.97 a share in late February, the Adairs share price has given back much of its gains. At the time of writing, it’s sitting on $3.70.
Regardless, the company’s share price still offers investors a decent dividend yield.
Adair’s potential dividend was recently acknowledged by noted broker Goldman Sachs.
According to a recent note from the broker, analysts cited the company’s strong market position and omnichannel presence.
Analysts also forecast Adairs to pay a fully franked dividend per share of 26 cents in FY21.
Adairs is scheduled to release its financial results for FY21 tomorrow.