UNI - Universal Store Holdings

[System]

Universal Store is a leading Australian retailer specialising in trend-led and casual men's and women's fashion, shoes, accessories, lifestyle and gifting.

Universal Store operates 65 physical stores in seven Australian states and territories. The retail network is supported by a head office and national distribution centre in Brisbane, Queensland.

The physical stores are within Queensland (19), New South Wales (17), Victoria (13), Western Australia (11), South Australia (2), ACT (2) and NT (1). All stores are Company owned and operated.

The Company aims to position stores in prime locations within major shopping centres, typically in youth fashion precincts. The average store size is 248 sqm which Management believes is representative of the ideal store size (i.e. 200-300 sqm). The Company retains store flexibility by contracting for shorter leases (with options). Most leases within the network expire within three years.

New store roll-out has focused on New South Wales and Victoria over the past three years, having achieved higher penetration in Queensland and Western Australia. Management expects to continue focusing on these regions.

UNI commenced trading on the ASX on 17 November 2020.

Universal Store | Men's & Women's Clothing Online

Welcome to Universal Store, your one-stop-shop for women's and men's fashion. Shop the latest drops from all your favourite brands, including Perfect Stranger, Thrills, Lioness, Common Need and more. Find a new statement piece, crucial jacket or a pair of quintessential street sneakers.

www.universalstore.com

 

[rcw1]

Good afternoon,
Nothing on this one since 2020, fortnight post listing on ASX ... the 8th at Randwick soon

Gunna hafta look further into this one.

 

[divs4ever]

Good afternoon,
Nothing on this one since 2020, fortnight post listing on ASX ... the 8th at Randwick soon

Gunna hafta look further into this one.

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i saw fashion , retail and leased sites and moved on

but i attempt to invest long term ( fate permitting )

good luck

 

[galumay]

I remember looking at UNI a while ago, not sure what attracted me and for some reason I made no notes on my forum about the business. I did talk to my son about the brand and I also had a look at the style of store they have created to support the brand. The financials look pretty good for a clothes horse, but I already hold a couple of these type of companies and I think they are better businesses. (GLB & HLG.NZ).

It also hasn't been round long enough as a public company for my liking. (although its been in business for nearly 25 years) Anyway I passed on it at the time

 

[finicky]

Have no acquaintance with this one. Brand aggregator of trending youth fashion (yuck). Credit cards and BNPL should fuel it for a while yet I guess. Only 3-4 years listed but ROEs strong, well above 15% but declining, book value rising, keeping share issuance tight. A modest 3.8% ff dividend. Looks slightly overvalued? Not Held.

From Rask Media:

Universal Store (ASX:UNI) share price jumps 6% on FY24 trading update


The Universal Store Holdings Ltd (ASX:UNI) share price has jumped 6% after a strong FY24 update with good sales and profit in FY24.

• Published July 19, 2024

The Universal Store Holdings Ltd (ASX: UNI) share price has jumped 6% after a strong FY24 update.
Universal Store owns a number of ‘premium’ youth fashion brands, including Universal Store, CTC (THRILLS and Worship) and Perfect Stranger.

Universal Store FY24 update​

The company said it had a strong trading performance as it exits FY24, with momentum continuing into July 2024.
Universal Store said total sales are expected to be $288.5 million, up 9.7% compared to FY23.
Universal Store brand like-for-like (LFL) sales growth was -0.3% in FY24, though it was positive 6.6% growth in the second half.
Perfect Stranger LFL sales growth was 7.3% in FY24, with 11.5% growth in the FY24 second half.
CTC retail and online LFL sales growth was 4.6% in FY24, with 5.6% growth in the second half. CTC wholesale sales growth was 5.4% in FY24.
The business finished with 102 physical store locations as at 30 June 2024, with 80 Universal Store locations, 14 Perfect Stranger locations and eight THRILLS stores.
Management said the strength of its sales in the second half, particularly in the fourth quarter of FY24, was “pleasing” and “driven by enhanced execution rather than favourable macroeconomic factors, which continue to pose challenges.”
Universal Store said that it has delivered successive quarter on quarter improvements in sales growth as the financial year progressed, with the FY24 fourth quarter being the strongest in terms on year over year growth in percentage terms.

Profitability​

The business revealed it’s expecting to report FY24 underlying EBIT (EBIT explained) of between $46 million to $47 million, up from $40.4 million in FY23. That implies growth of at least 13.8% for the financial year that has just finished.

Outlook for the Universal Store share price​

In the first two weeks of FY25, the company has seen positive sales trends continue. Total sales growth in the first part of FY25 being over 15% year over year, excluding the CTC wholesale channel.

I think Universal Store shares are very promising, with the business continuing to perform. Perfect Stranger is delivering very strong sales growth and could be one to watch in the years ahead. It’s one of the ASX dividend shares I’d keep my eyes on."

 

[bk1]

Are you sure the kids are doing it tough down on struggle street?

Pull back and consolidation after the April highs with low volume and hardly any selling.
Acceleration into earnings and now poised, maybe.