Reject Shop (ASX:TRS) has reported its financial year sales as A$819.3 million, up from the previous year’s A$774.6 million.

A final dividend of 6.5 Australian cents per ordinary share has been declared by the company.

The company has also made the announcement of appointing Clinton Cahn as its new Chief Executive Officer.

Furthermore, Reject Shop intends to execute an additional on-market share buy-back of up to A$10 million.

In an unexpected move, the firm declared a special dividend of 9.5 Australian cents per ordinary share.

The first seven weeks of FY24 have seen a comparable store sales growth of 4.4% year over year.

The company aims to enhance its profit margin in FY24 and remains dedicated to opening new stores.

Reject Shop has decided not to provide specific profit guidance for FY24 and prefers focusing on generating comparable store sales growth in the same fiscal year.

They will continue to explore and invest in strategic projects across the business.

Reject Shop is a general merchandise store in Australia, known for offering a variety of products at low prices.