Adairs Provides Trading Update & Sales Guidance For FY2020; Notes Major Contribution from Online Stores

In its trading update, Adairs Limited (ASX:ADH) mentioned that all its stores were opened in May 2020 with improved measures to make sure the safety & wellbeing of its people and clients.

With all stores open for at least two weeks, a trading update to 14 June 2020 is as follows:

The company expects its Group sales for FY2020 to range from A$385 to A$390 million. By the market closure on 19 June 2020, ADH shares settled at A$2.31, up 10.526% from its previous close.

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