Australian fashion group Universal Store Holdings has just entered the ASX 300, according to the latest quarterly update from S&P Dow Jones Indices.
The ASX 300 lists the largest 300 companies on the ASX, ranked by market capitalisation. Universal Store has a market cap of $657.50 million, with a share price currently sitting at $8.57.
The group’s CEO, Alice Barbery, called it another win for the Universal Store group.
“Total team effort – customer 1st mindset and keeping competition outside of our business – collaboration within,” Barbery shared on LinkedIn.
“Bravo to every casual, part and full timer, supervisor and leader. This is your win.”
This win comes after another year of double-digit percentage growth in revenue for Universal Store, which also manages the Thrills and Perfect Stranger retail brands. For FY25, group revenue was up 15.5 per cent, hitting $333.3 million, with gross profit margin up 100 basis points to 61.1 per cent.
In FY24 compared to FY23, sales were then up 9.7 per cent, with gross margin up 110 basis points to 60.1 per cent.
Universal Store joins other key fashion, footwear and accessories businesses listed in the ASX 300, including the likes of Accent Group, Kmart Group’s parent company Wesfarmers, Myer and Solomon Lew’s Premier Investments.
S&P Dow Jones Indices also confirmed that Kogan.com and luxury platform Cettire have been removed from the ASX 300.
Cettire had reported flat sales growth for FY25, matched with challenges in earnings and profits. Kogan, meanwhile, reported a $39 million loss, driven by struggling performance in its Mighty Ape marketplace in New Zealand.
Cettire has also fallen out of the All Ordinaries index, which measures the top 500 publicly listed companies, with underwear brand Step One also dropping out of this index.