Australia and New Zealand: Bunnings demonstrate positive growth.

Australia’s DIY market leader, Bunnings, increased its revenue in financial year 2019/2020 (ending: 30 June 2020) by 13.9 per cent to AUD 14.999 bn (EUR 9.11 bn). Total store sales rose by 14.7 per cent, store-on-store sales growth, which excludes stores that were impacted by temporary closure in New Zealand, also amounted to 14.7 per cent.

Bunnings Managing Director, Michael Schneider, commented on the results today: “These strong results reflect the hard work of our team and continued support from our suppliers. There is no doubt that the second half of the year has been challenging, with many of our team and their local communities impacted by the bushfires in late 2019 and early 2020. COVID-19 has also presented our team with some significant challenges and I would like to thank all of them for their incredible hard work and their commitment to keeping themselves, each other and our customers safe,”

During fiscal 2019/2020, Bunnings opened nine new warehouses, two smaller format stores and acquired six stores as part of the Adelaide Tools acquisition. Bunnings closed 13 stores, including ten underperforming stores in New Zealand, and converted one New Zealand small format store into a trade centre. At the end of the period there were 274 warehouses, 68 smaller format stores and 30 trade centres in the Bunnings network and a further 16 stores under construction, as well as six Adelaide Tools stores.