News Flash

Footwear sales go up 6.3% at Pacific Brands in FY

22 Aug '05

2 min read

Leading consumer brands manager Pacific Brands Limited announced the 2005 full year results.

Solid result achieved through a focus on branded sales and margins

Group Highlights
- $176.1m EBITA, up 13.5 percent on previous year in a challenging operating environment
- $102.5m net profit after tax (pre goodwill amortisation), up 16.0 percent
- Earnings per share (pre goodwill amortisation) up 16.0 percent to 20.4 cents
- Total net sales $1,521.7m, branded sales $1,381.1 m, up 1.5 percent
- Footwear sales growth of 6.3 percent and Home Comfort up 4.8 percent
- Continued growth in branded sales and operational efficiencies strengthened EBITA margin to 11.6 percent
- Inventory of $255.4m in line with expectations
- $75.1m net operating cashflow, $110.5m generated in the 2H05
- Final dividend of 7.5 cents resulting in a full year dividend of 15.0 cents per share
- The Group continues to generate positive cash flows with $75.1 million
- Net profit after tax (pre goodwill amortisation) for the full year ended 30 June 2005

Strong sales performances were recorded in the Bonds, Berlei, Jockey, Kayser, Love Kylie and Voodoo brands. Bonds growth was driven by successful brand extensions and product development – in particular the fleece 'Hoodie' and 'Trackie', re-emergence of the Chesty singlet and babywear. All ranges were supported by strong advertising campaigns. Sales of Holeproof branded socks were driven by the successful campaigns for Computer Socks (using the Donald Trump campaign), Slipper Socks and Explorers.

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