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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