Yes I am watching on 2 devices are both are offline
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Yes I am watching on 2 devices are both are offline
First 20 weeks sales down 10.14%, vs first 8 weeks sales down 18.9%. Some very quick math would suggest the past 12 weeks sales down 4.3% on last year. Not a disaster considering Auckland and some other stores in NZ and Australia were still closed for some of these 12 weeks
Very encouraging to hear freight costs are starting to reduce and the supply chain issues are getting a little better and that there is still a strong focus on delivering on the growth prospects in Australia
Beagle ---- you still awake ...... bit monotonous isn't he
Looks like there is no firm brick and mortar expansion plans for Glassons next year. More so further digital expansion will be relied on to grow sales.
I posted a couple of weeks back that we could be buying this at $7 this time next year. Probably the case now. At least its a good dividend payer.
Why do you think that? They have already opened one new store in the new year (Adelaide), moved one of the Sydney stores, and repeatedly said they are looking at new locations for store openings in Australia.
James just confirming they have 3 more sites selected for new store openings in Australian in early 2022.
Given up on the so called livestream...
I think I have the gist of this. Its pretty much as I expected. Sales year to date still a bit down on last year which I think is a perfectly satisfactory situation considering last year we were all out and about thinking the worst of the pandemic was behind us and this 20 week period included a lengthy period of lockdowns on both sides of the Tasman. Encouraging to hear pressures in the supply chain and freight are ameliorating. Excellent well managed company with strong growth prospects going forward, albeit in the short term with obvious ongoing Covid headwinds. Very happy holder.
Sales down 10% after 20 weeks -- that's about $8m of Gross Margin
Hope next few weeks see roceting sales and that they are screwing the likes of KPG for heaps in rent relief