Shaver Shop like-for-like sales up 11%

Over the first 12 weeks of financial year.

Shaver Shop has provided a trading update for the financial year so far, recording an 11.9% increase in corporate store like-for-like sales over the first 12 weeks (to 22 September 2017), including a positive Father’s Day campaign.

Supply of key products sold through the multi-unit reseller channel have reduced in comparison to the first two months of the financial year, leading to expected moderation in same store sales growth for the remainder of the year.

Shaver Shop CEO, Cameron Fox

Major factors that are expected to influence the full year FY18 EBITDA result include new product innovation, category expansion and associated promotional campaigns leading into the Christmas trading period; continued investment in e-commerce and omni-channel programs; important leadership appointments; new greenfield sites launched in FY18.

The Board of Shaver Shop currently expects FY2018 full year EBITDA to be in the range of $13 million to $15.5 million.

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