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Reject Shop Future Growth

Future criteria checks 3/6

Reject Shop is forecast to grow earnings and revenue by 21.6% and 3.4% per annum respectively. EPS is expected to grow by 21.7% per annum. Return on equity is forecast to be 9.9% in 3 years.

Key information

21.6%

Earnings growth rate

21.72%

EPS growth rate

Multiline Retail earnings growth	6.4%
Revenue growth rate	3.4%
Future return on equity	9.89%
Analyst coverage	Low
Last updated	02 Jul 2025

Recent future growth updates

Recent updates

Analysis Article • Mar 24

Reject Shop's (ASX:TRS) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of The Reject Shop Limited ( ASX:TRS ) has announced that it will be paying its dividend of A$0.12 on the 1st...

New Narrative • Mar 14

Can You Imagine How Jubilant Reject Shop's (ASX:TRS) Shareholders Feel About Its 119% Share Price Gain?

While The Reject Shop Limited ( ASX:TRS ) shareholders are probably generally happy, the stock hasn't had particularly...

Analysis Article • Feb 23

Reject Shop's (ASX:TRS) Robust Earnings Are Supported By Other Strong Factors

The Reject Shop Limited ( ASX:TRS ) just reported healthy earnings but the stock price didn't move much. Our analysis...

Analysis Article • Feb 18

Analyst Estimates: Here's What Brokers Think Of The Reject Shop Limited (ASX:TRS) After Its Half-Yearly Report

The Reject Shop Limited ( ASX:TRS ) shareholders are probably feeling a little disappointed, since its shares fell 2.4...

Analysis Article • Feb 16

The Reject Shop Limited's (ASX:TRS) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Most readers would already be aware that Reject Shop's (ASX:TRS) stock increased significantly by 13% over the past...

Analysis Article • Jan 20

The Returns At Reject Shop (ASX:TRS) Provide Us With Signs Of What's To Come

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Analysis Article • Dec 20

What You Need To Know About The Reject Shop Limited's (ASX:TRS) Investor Composition

A look at the shareholders of The Reject Shop Limited ( ASX:TRS ) can tell us which group is most powerful...

Analysis Article • Nov 23

Introducing Reject Shop (ASX:TRS), The Stock That Zoomed 200% In The Last Year

When you buy shares in a company, there is always a risk that the price drops to zero. But if you pick the right...

Earnings and Revenue Growth Forecasts

ASX:TRS - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2028	982	21	N/A	N/A	1
6/30/2027	966	19	N/A	N/A	2
6/30/2026	926	15	N/A	N/A	2
6/30/2025	883	8	N/A	N/A	2
12/29/2024	866	6	104	119	N/A
9/29/2024	859	5	95	111	N/A
6/30/2024	853	5	86	102	N/A
3/31/2024	845	7	94	109	N/A
12/31/2023	838	8	102	117	N/A
9/30/2023	829	9	100	114	N/A
7/2/2023	819	10	99	111	N/A
4/2/2023	811	10	87	100	N/A
1/1/2023	803	9	75	90	N/A
10/1/2022	796	8	87	103	N/A
7/3/2022	788	8	100	116	N/A
4/3/2022	779	7	96	110	N/A
12/26/2021	769	7	92	104	N/A
9/26/2021	774	7	84	95	N/A
6/27/2021	779	8	76	87	N/A
3/27/2021	799	8	102	113	N/A
12/27/2020	819	9	128	139	N/A
9/27/2020	820	5	143	153	N/A
6/28/2020	821	1	157	167	N/A
3/28/2020	809	-8	119	129	N/A
12/29/2019	797	-18	81	90	N/A
9/29/2019	795	-17	39	50	N/A
6/30/2019	794	-17	-2	9	N/A
3/31/2019	795	-4	0	12	N/A
12/30/2018	795	9	2	15	N/A
9/30/2018	798	13	N/A	26	N/A
7/1/2018	800	17	N/A	36	N/A
4/1/2018	799	15	N/A	37	N/A
12/31/2017	799	13	N/A	37	N/A
9/30/2017	796	12	N/A	37	N/A
7/2/2017	794	12	N/A	37	N/A
4/2/2017	801	14	N/A	38	N/A
1/1/2017	808	16	N/A	39	N/A
10/1/2016	804	17	N/A	32	N/A
7/3/2016	800	17	N/A	26	N/A
4/3/2016	790	18	N/A	27	N/A
12/27/2015	779	20	N/A	28	N/A
9/27/2015	768	17	N/A	38	N/A
6/28/2015	757	14	N/A	47	N/A
3/28/2015	743	12	N/A	39	N/A
12/28/2014	728	10	N/A	30	N/A
9/28/2014	720	12	N/A	27	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRS's forecast earnings growth (21.6% per year) is above the savings rate (3%).

Earnings vs Market: TRS's earnings (21.6% per year) are forecast to grow faster than the Australian market (11% per year).

High Growth Earnings: TRS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TRS's revenue (3.4% per year) is forecast to grow slower than the Australian market (5.6% per year).

High Growth Revenue: TRS's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TRS's Return on Equity is forecast to be low in 3 years time (9.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/24 04:35
End of Day Share Price	2025/07/01 00:00
Earnings	2024/12/29
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Reject Shop Limited is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Sam Haddad	Bell Potter
Chris Nicol	BofA Global Research
Jacqueline Fernley	Canaccord Genuity Historic (Wilsons Advisory and Stockbroking Ltd.

This company listing is no longer active

Reject Shop Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 27% to AU$5.54

Consensus EPS estimates fall by 31%

Price target decreased by 11% to AU$5.07

Consensus EPS estimates fall by 15%

Price target decreased by 12% to AU$5.68

Consensus EPS estimates fall by 38%

Recent updates

Upcoming dividend of AU$0.77 per share

The Reject Shop Limited Announces Distribution, Payable on July 14, 2025

Upcoming dividend of AU$0.12 per share

Price target increased by 27% to AU$5.54

Dollarama Inc. (TSX:DOL) agreed to acquire The Reject Shop Limited (ASX:TRS) from Kin Group Pty Ltd and others for approximately AUD 250 million.

Reject Shop's (ASX:TRS) Shareholders Will Receive A Bigger Dividend Than Last Year

Store Expansion And High-Margin Focus To Strengthen Future Outlook

First half 2025 earnings released: EPS: AU$0.43 (vs AU$0.38 in 1H 2024)

Reject Shop (ASX:TRS) Is Increasing Its Dividend To A$0.12

Dividend increased to AU$0.12

Investor sentiment improves as stock rises 23%

The Reject Shop Limited to Report First Half, 2025 Results on Feb 20, 2025

Consensus EPS estimates fall by 31%

Full year 2024 earnings: EPS misses analyst expectations

Now 22% undervalued after recent price drop

Now 20% undervalued after recent price drop

The Reject Shop Limited, Annual General Meeting, Oct 16, 2024

Insufficient new directors

The Reject Shop Limited Appoints Andrew Woolf as Chief Financial Officer, Effective from 1 July 2024

Price target decreased by 11% to AU$5.07

Consensus EPS estimates fall by 15%

New minor risk - Market cap size

Upcoming dividend of AU$0.10 per share

Now 20% overvalued

Price target decreased by 12% to AU$5.68

Now 20% overvalued

Consensus EPS estimates fall by 38%

First half 2024 earnings released: EPS: AU$0.38 (vs AU$0.43 in 1H 2023)

Price target decreased by 11% to AU$5.76

What The Reject Shop Limited's (ASX:TRS) P/E Is Not Telling You

The Reject Shop Limited Announces Executive Changes, Effective 23 February 2024

The Reject Shop Limited to Report First Half, 2024 Results on Feb 22, 2024

The Reject Shop Limited Announces Resignation of Michael Freier as General Counsel and Company Secretary

Upcoming dividend of AU$0.16 per share at 1.1% yield

Consensus EPS estimates fall by 13%

Full year 2023 earnings released: EPS: AU$0.27 (vs AU$0.21 in FY 2022)

The Reject Shop Limited Declares Final Dividend for the Year 2023, Payable on 3 November 2023

The Reject Shop Limited, Annual General Meeting, Oct 18, 2023

The Reject Shop Limited Announces Resignation of Mark Ward from the Board

When Should You Buy The Reject Shop Limited (ASX:TRS)?

First half 2023 earnings released: EPS: AU$0.43 (vs AU$0.40 in 1H 2022)

The Reject Shop Limited to Report First Half, 2023 Results on Feb 23, 2023

High number of new and inexperienced directors

The Reject Shop Limited (ASX:TRS) announces an Equity Buyback for 2,217,295 shares, representing 10% for AUD 10 million.

The Reject Shop Limited, Annual General Meeting, Oct 19, 2022

Why The Reject Shop Limited (ASX:TRS) Could Be Worth Watching

The Reject Shop Limited Appoints Phillip Bishop as New Chief Executive Officer

Price target decreased to AU$7.08

A Look At The Intrinsic Value Of The Reject Shop Limited (ASX:TRS)

Investor sentiment deteriorated over the past week

High number of new and inexperienced directors

The Reject Shop Limited Appoints Amy Eshuys as Chief Operating Officer, Effective 28 April 2022

The Reject Shop Limited Expects to Close at Least Further 4 Underperforming Stores During the Second Half 2022

Reject Shop (ASX:TRS) Will Want To Turn Around Its Return Trends

Full year 2021 earnings released: EPS AU$0.22 (vs AU$0.036 in FY 2020)

Investor sentiment improved over the past week

Consensus EPS estimates fall to AU$0.17

Price target decreased to AU$7.73

the Reject Shop Limited Provides Sales Guidance for Full-Year 2021

Returns On Capital At Reject Shop (ASX:TRS) Paint A Concerning Picture

Can You Imagine How Jubilant Reject Shop's (ASX:TRS) Shareholders Feel About Its 119% Share Price Gain?

New 90-day low: AU$6.40

Reject Shop's (ASX:TRS) Robust Earnings Are Supported By Other Strong Factors

First half 2021 earnings released: EPS AU$0.45 (vs AU$0.33 in 1H 2020)

Revenue beats expectations, earnings disappoint

Analyst Estimates: Here's What Brokers Think Of The Reject Shop Limited (ASX:TRS) After Its Half-Yearly Report

The Reject Shop Limited's (ASX:TRS) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

The Reject Shop Limited to Report First Half, 2021 Results on Feb 17, 2021