With six weeks to go until the end of the financial year Dick Smith Holdings Limited (ASX:DSH) says it is on track to meet its full year guidance.
The electronic retailer has confirmed it expects to deliver a net profit of $40 million, as forecast in its prospectus at the end of 2013.
Dick Smith has also affirmed a dividend payout ratio of 60 to 70 per cent fully franked, which it says allows for organic and future growth.
By the end of the financial year Dick Smith aims to have 376 stores, growing to 400 stores by next year and the potential of reaching 450 stores.
Dick Smith booked a net loss of $4.9 million in the first half of the 2014 financial year.
