Couldnīt help myself and "reinvested" the divies I will get on the 17th :-)
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I guess it depends who you talk too. https://tradingeconomics.com/new-zea...l-sales-annual
Fairly obvious that Beagle is using historical (aka 'out of date') data and Timesurfer is using live data (aka 'the pulse').
Also fairly obvious that the average Kiwi having overspent in the third quarter is now in miser mode.
So while you both may be right, I am definitely righter :p.
Maybe timesurfer correct
Quote: Group sales for the first 17 weeks of the new financial year are +6.7% on the prior corresponding period.
Weren’t they +7.1% for first 16 weeks ....that 17th week must have been really really quite ..or in timesurfer lingo ‘spend is down’ ...and wasn’t Black Friday in that 17th week
Maybe Beagle could use some of his accounonomist skills to assess what’s happened in that 17th week.
Was market Price Sensitive as well.
Definitely reads like they're coming off the boil. Good news is they say they can maintain dividends due to strength of the balance sheet. Heading back to the situation a few years ago where they paid out more on dividends than they made in profit?
I hope I am the wrong one - I need sales to pick up!