A horrendous number of days lost !
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So...26% of all retail trading opportunity lost in the 6 month period and sales were only down only 6.2%. This at a time when consumers have had to deal with the psychological stress of the worst pandemic of our lives and we are comparing sales this period with last year's record which was up 22% on the year before. Hmmm Not sure how anyone would think that's not a highly satisfactory result in the most extraordinary circumstances.
F21 sales groth was a massive 22% to $351m. I've said a few times a lot of that was catchup etc etc and that F22 and F23 would 'normalise'
How has HLG gone the last 12 months (Feb to Jan) - even though some 'normalisation' to come gives a reasonable idea of performance.
Total sales up $29.9m to $339m, 9.7% growth
Store sales up $14.6m or 6.4% and online sales up $15.3m or 19% (online now 29% of sales)
Online obviously helping sales growth but the stores expense base (fixed) might become a bit of an issue
Love beagles passionate posts so I wound up the word cloud generator and did this for his post earlier today
Strangely I got this:
Attachment 13522
LOL no need for that...this encapsulates my thought process's "purrfectly" and is a great depiction of the "joys" of investment in the market in recent months ;) https://www.youtube.com/watch?v=EUV1LJKYAUc
Mr B forecast another deadly variant arriving and apparently it has..
Retail disruption might indeed continue for the next 6 to 9 months and with hospitality about to take a big hit the market might not want to chase any retail or entertainment stock for a while.
SP's could go anyway which way from here.