Shaver Shop provides trading update and Market Eye Investor Conference presentation

  • May 07, 2019 AEST
  • Team Kalkine
Shaver Shop provides trading update and Market Eye Investor Conference presentation

Shaver Shop Group Limited (ASX: SSG), established in 1986 and based in Chadstone, Australia, is a speciality retailer of personal grooming products for men and women in Australian and New Zealand region. It operates via stores while it also sells through online platforms.

On May 7th, 2019, the company released its Market Eye Investor Conference Presentation which contained the company overview, growth drivers and the outlook. Shaver Shop offers quality brands at competitive prices and operates around 121 stores across Australia and New Zealand. Besides, the company has had a strong growth record over the years, whereby the underlying sales growth has reflected a consistent uptrend from $63.2 million in FY2015 to $149.5 million in FY2018. The gross margins also remained stable fluctuating in the range of 41%-42% in the last five years.

Moreover, the underlying EBITDA results have also been consistent while the dividend payout improved over the years from 1.6 cps in FY2017 to 2.0 cps in FY2019.

There are some key growth drivers that have accelerated Shaver Shop’s business performance including operating in a mass market that is continuously evolving, particularly in the male segment. According to the company, it is yet to optimize engagement with the key, growing millennial consumer that is highly influenced by social media to become health conscious, constantly look good and opt for DIY beauty regime. Besides, the Global suppliers like Philips, Proctor & Gamble, Remington, Panasonic etc are investing heavily in new product innovation.

Several e-commerce enhancements has led to improved online metrics for the company that is focussed on investing in their omni retail capabilities. Thus, online sales now represent 11-12% of total network sales, with the target to reach 15 -20% in the next two to three years. Besides, Shaver Shop is also working on new store layout and design that is driving incremental same store sales growth of 10%+ and strong initial ROI.

As per the retail player, women account for over 50% of the total customers, which implies that broadening and innovating women beauty range would lead to improved brand recognition, drive significant, but short term, sales and earnings contributions.

Going forward, Shaver Shop Group aims to have a chain of a total of circa 140 stores in Australia and New Zealand.

Further, the company also released its Trading Update reflecting improved same store sales growth. Accordingly, for the last fourth months to April 2019, the underlying same store sales growth has been +8.7% up from +0.8% in the same period last year, driven by strong overall performance in core hair removal categories and hair styling. While for the 10 months ended April 30th, 2019, the underlying same store sales growth was +2.6%, up from +0.7% in the prior corresponding period.

Considering the underlying performance in the second half of FY19 to date, the Board of Shaver Shop Group has narrowed its normalised EBITDA guidance for the full financial year, to be in the range between $12.5 million- $14.0 million (previously $12.0 million- $14.5 million).

The specialty retailer, Shaver Groups’s market cap stands at around AUD 52.72 million with ~ 125.53 million outstanding shares. On May 7th, 2019, the SSG stock price settled the day’s trading at AUD 0.415, up 3.75% with ~ 135.4k shares traded.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK