Australia’s leading tackle chain reports ‘best year ever’ of fishing sales

Australia’s leading supplier of tackle enjoyed its ‘biggest ever year of fishing sales’, reported its owner, the Super Retail Group.

Announcing its results for the year ended June 29th, 2024, the group told investors that its ‘best ever’ sales of fishing tackle at its Boating, Camping Fishing (BCF) retail chain were driven by the successful roll-out of in-store tackle stores.

Total sales at BCF increased by 5% to Aus$879m, driven by new store openings. Like-for-like sales were down 1% as higher transaction volumes were offset by a modest decline in ATV (average transaction value).

BCF opened seven new stores and closed two in the financial year, resulting in 162 outlets at year end.

Super Retail Group reported record sales of Aus$3.9 billion – up 2% on the previous year. Group Managing Director and CEO Anthony Heraghty said: “We delivered a solid financial performance in FY24 as record sales and higher gross margin helped mitigate the impact of inflation on our cost base.

“In a macroeconomic environment where cost-of-living pressures are dampening consumer spending, the delivery of top-line growth is a testimony to the strength of our four core brands and the resilience in which we operate.”

At the start of its new financial year, BCF reported continued growth in fishing sales.