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Harvey Norman (ASX:HVN) share price higher on stellar sales update



The Harvey Norman Holdings Limited (ASX: HVN) share price is pushing higher on Wednesday after the release of a trading update.

At the time of writing, the retail giant’s shares are up 2% to $4.78.

How is Harvey Norman performing in FY 2021?

Harvey Norman has started FY 2021 in a very positive fashion and has recorded strong sales and profit growth.

According to the release, aggregated sales revenue increased by 28.2% between 1 July and 21 November compared to the prior corresponding period.

This has been driven by strong same store sales growth across almost all regions and particularly in the ANZ market.

Harvey Norman’s Australian franchisees delivered a 30.4% increase in comparable store sales and its New Zealand stores…

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