Australian Shares David Jones (DJS)

David Jones (DJS) is an Australian premium department store, and one of the more well known Australian shares.

Recently, DJS advised that 3Q10 sales rose 1.4% from a year ago, to $417.4 million.

DJS said that although trading conditions during the quarter were challenging, they were mainly in line with forecasts.

DJS maintained a cautious outlook for 4Q10 following the cycling of government stimulus measures and challenging trading conditions.

DJS reaffirmed guidance of 5% – 10% net profit growth for 2H10 and FY11, but advised that the completion of its Bourke Street store will not add to operating earnings until FY12.

DJS climbed more than 3% on the day of the announcement, making it one of the best performing Australian shares that day.

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