Harvey Norman founder Gerry Harvey is feeling increasingly optimistic Australia's retail environment will recover in time for the key Christmas trading period after his company's sales boomed 30 per cent over July and August.
Harvey Norman executive chairman Gerry Harvey says the profit surge had"never happened in my lifetime".Profit before tax for July and August also rose significantly, coming in at $178.1 million compared to $62.3 million in the same two months last year, a 185.8 per cent increase., saying this sort of rise had "never happened in my lifetime".
"Every day that goes by encourages you to think it'll be better. I'd still say I don't know, but now I'm more confident than I was a week ago," he said.The continued strong performance by the retailer defied analyst expectations, who had predicted the company's profit would decline in the 2021 financial year after itsMorgan Stanley analyst Niraj Shah said the trading update was "very strong" and well ahead of consensus estimates.
Some retailers, including the major supermarkets, had raised the alarm over potential stock shortages in the lead-up to Christmas thanks to crippled supply chains in Victoria coupled with heightened demand.
That is wishful thinking Gerry, who knows what other viruses the Chinese laboratories are militarising.
He can go broke for all I care about the old parasite.
This story was brought to you by.... Yep.. you guessed it.. Harvey Norman. When journalism goes to die... they call it advertising.
Not in Victoria - unfortunately Or is he doing a Trump and doesn’t want folks to panic
I won't be helping him. boycottHarveyNorman
I wouldn’t spend money at Harvey Norman - ever!
Not until DanielAndrewsMP is removed
There’s no pockets in a shroud Gerald.
Who? The guy currently advertising TVs for 13 grand?
He’s made a killing in the pandemic.
rob_mcclintock
Thank God... my entire hopes were relying on what that Harvey was thinking
Yes, Harvey Norman May have been a winner during the pademic BUT there were a whole lotta losers AND there’s whole lotta people with NO JOBS. Almost laughable insight by Gerry here. ausecon auspol
Gerry Harvey: I just hope that Covid 19 becomes Covid20 Covid2, you get the picture.
Yes optimism is what we need. not in line with power hungry politians.
Won't get a fucking cent of my money.
I'll never shop at Harvey Normans again
Which means he’ll be employing price gouging to make up for the lost revenue.
This arsehole did not get one red cent from me.
Then why have Morrison & the Liberals given him around $9 million in JobKeeper so far? i thought Jobkeeper was for business's who were struggling & their profits were down because of the Covid-19 pandemic There are plenty of genuine battlers who could of actually used that help
The Vulture of the Pandemic
Harvey Norman company took job Keeper Over 9 million Sick of companies ripping off Job Keeper
Only so he can make more money. Won't ever get a cent from me.
Greedy!!
As long as everyone shops on line. Give this asshole a wide berth.
Parasite
Wouldn’t trust this guy as far as I could throw one his refrigerators. Certainly wouldn’t buy one from him. ghoul
I’m sure this asshole will find something to complain about soon enough
If anyone should’ve caught Covid it should be him. Greedy turd
He’s said so many vile things over the years I refuse to set foot in any of his shops.
Who cares what he thinks. Despicable man.
all will be well as long as a billionaire is increasingly optimistic about his portfolio
maybe so, but I'll never shop there again.
I wonder of Gerry found a way to pay all his staff on JobSeeker.
Retire already ffs.
Flog. Makes my skin crawl, the avaricious vulture. Australia's 5th rate Bezos
A lot of people waste money on a lot of shit
Can we confirm they are not getting job keeper?
Never buy anything from Gerry Harvey.
I've refused to buy anything from Harvey Norman for 20yrs
More advertising for HN courtesy of Nine/Fairfax. The Age is basically a HN brochure with some news tacked on these days.
I won't be shopping there ever.
My daughter works at the Good Guys and they have been experiencing ‘Boxing Day’ type sales on a daily basis. Unless his business is run by morons, he will be doing the same.
I certainly won’t be buying anything from him.
Maybe have should just speak for himself!