Still forecasting a profit while most of your stores were closed for a significant amount of the period is rather impressive.
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Still forecasting a profit while most of your stores were closed for a significant amount of the period is rather impressive.
Wow - 5,432 lost trading days they said
Should have done the Michael Hill and Kathmandu trick and report comparable says
I reckon they would have said ..... COMPARABLE SAME STORE SALES UP 21%
That's pretty impressive
Oh dear, pretty sad looking numbers there. Might see 5 handle to sp in the near term, with lower NZD and inflationary pressures (wages and costs) mounting.
Wonder where the 2H will end up, although 1H is the traditionally heavier trading period.
No idea but here are some interesting full year outcomes based on 2HFY22 year on year % change on the pcp. looking a bit expensive.
2HFY22 FY22 NPAT EPS PE @ 6.69 0% 25.12 0.42 15.9 -20% 22.416 0.38 17.8 -40% 19.712 0.33 20.2 -50% 18.36 0.31 21.7
"sales down only 6%"
fantastic result...
if its a 5 HANDLE BUY BIG...
As MR B has said even in the GFC they paid out...and thats what matters most.
Though the DIV might be cut a bit..
Both Australia & NZ relaxing travel restrictions next two weeks what do people do ..........new clothes for the PARTIES
Disc:hold
4 dollars? oh yes please...back up the trackers...
Steady on. First half net profit at mid point is $11.6m with mega shutdowns. Second half without shutdowns should be higher.
Might do $13-14m = ~ $25m for the year in what is the toughest trading conditions since the GFC = 42 cps = PE of 15.7
On a DCF basis I am on record as saying that this knocks the valuation by about 30 cps, maybe a little more depending upon how Covid impacts FY23.
Sales only down 6% YTD considering all the lockdowns gives a big clue that they can springboard back very strongly after Covid.
Online sales are now a remarkable 33% of total sales.
Calls for $4 are absolutely ridiculous in my opinion and completely ignores their excellent track record of years of strong growth before Covid headwinds.