Harvey Norman delivers 9.1% rise in early FY26 group sales

The news: White goods retailer Harvey Norman has reported a 9.1% rise in aggregated sales revenue for the period of 1 July to 20 November, compared to the prior corresponding period.

The numbers: Aggregate sales increased in all Harvey Norman's markets, including a 6.5% lift in Australia and an 8.2% rise in New Zealand.

The context: The group has company operated stores in New Zealand, Slovenia, Croatia Ireland, the UK, Singapore and Malaysia, as well as independent Harvey Norman, Domayne and Joyce Mayne branded franchises in Australia. It said the sales result was positively impacted by appreciations in the euro, British pound, Singaporean dollar and Malaysian ringgit.

Two new company operated stores were opened during the period, located in Singapore and Kuala Lumpur. One company operated store in Singapore was closed, as was one outlet in New Zealand.