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· Posted on
October 4, 2022

The owner of Peter Alexander and Smiggle just announced record sales cos' we're all just big kids

Premier Investments has announced its astounding record sales.

What's the key learning?

  • Premier Investments is a retail group that owns brands like Peter Alexander, Smiggle, Dotti, Just Jeans, and it also owns over 22% of Myer and over 25% of Breville.
  • Premier announced a record revenue of just under $1.5 billion for the last 12 months and, as a celebration, announced a buyback of shares worth $50m and a special dividend to shareholders.
  • A special dividend is a rare type of dividends because this isn't expected.

👉Background: Premier Investments is a retail group that owns brands like Peter Alexander, Smiggle, Dotti, Just Jeans and many more. Fun fact: Premier Investments also owns over 22% of Myer and over 25% of Breville.

👉 What happened: Premier has announced a record revenue of just under $1.5 billion for the last 12 months to July 30, 2022.

👉 What else: As a celebration, Premier has announced a buyback of shares worth $50m as well as a special dividend to shareholders.

What's the key learning?

💡A dividend is a payment issued by a company to its shareholders… generally each half year or full year. But a special dividend is a rare type of dividends because this isn't expected.

💡A special dividend usually takes place after a specific event, like the sale of a large asset or a spinoff of a company.

💡In this case, it seems like Premier just had a really good year… and wanted to reward its shareholders for sticking by. But calling it a special dividends is kinda like saying - don’t expect this to be a regular thing folks!

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