Business
Why the Adairs (ASX:ADH) share price just raced to a record high – The Motley Fool Australia
The Adairs Ltd (ASX:ADH) share price is racing higher and hit a record high this morning. Here’s why investors are buying its shares…
The Adairs Ltd(ASX: ADH) share price is shooting higher on Tuesday.
In morning trade the furniture retailer’s shares are up 5% to a record high of $4.33.
Why is the Adairs share price shooting higher?
Investors have been buying Adairs shares today after the release of a strong half year result.
For the six months ended 31 December, the company reported a 34.8% increase in group sales to $243 million. This was driven by a 20.9% increase in Adairs sales, a 44.4% jump in Mocka sales, and strong online…
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