Hallenstein Glasson Holdings Limited Analysis

Overview

The present company was the vehicle for the merger of Hallensteins and Glassons retail chains in 1985. The company's stores cater for the medium priced-quality end of the market, and the group's property assets are principally occupied by Hallensteins and Glassons stores.

In June 2003, the company decided to withdraw its Hallensteins menswear chain from Australia and focus expansion on the Glassons womenswear chain.

In March 2004 it agreed to sell its HBKGirl outlets. In September 2007 the group's total stores stood at 111, including 25 in Australia.

In May 2008, HLG moved its Glassons buying team to Melbourne for the purposes of moving its `core function' to the `growth opportunities' that are present within the Australian market.

Performance

The following information was extracted from Hallenstein Glasson Holdings Limited's Trading update, released 27 February 2026

Trading Update and Profit Forecast

The Company advises that unaudited total Group sales for the six-month period ended 1 February 2026 were $275.2 million, an increase of 14.6% on the prior corresponding period ($240.0 million).

Group unaudited net profit before tax (NPBT) is expected to be in the range of $39.3 million to $39.8 million, which is up +32.1% on the prior year result ($29.9 million). The balance sheet for the Group remains strong and stock levels continue to be well controlled.

A full announcement with six months’ financial statements including a dividend declaration will be released to the market on 27 March 2026