Harvey Norman Holdings Ltd

HVN: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$8.30	Dqsz	Ycwgfvzh

Harvey Norman Earnings: Australian Trading Momentum Showing Signs of Life

Johannes Faul

Aug 30, 2024

Fiscal 2024 was a year to forget for the Australian retailing sector, and no-moat Harvey Norman wasn’t exempt from the challenging marcoeconomic environment. In its largest overseas market, New Zealand, it was even worse. Consumers across the Tasman are hurting more, with elevated cost-of-living pressures compounded by even higher interest rates than in Australia and declining house prices reversing the wealth effect.

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