https://www.msn.com/en-nz/money/news...cid=spartandhp
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If things are really going gangbusters than even Hallensteins might be finally showing earnings growth
Profit about the same as it was 5 years ago and F19 was a disaster
My big parcel of Black Friday specials arrived a while ago ....had to chase the parcel down the road in the 130k winds. Stupid courier left it on the ground in the street by the letter box ...stupid eh
I should have said the stuff never arrived ....might have got two lots
I dont think anyone mentioned it but there was an article about how more consumers are doing their online shopping with local companies , gotta be good!
Group sales up 7.1% on prior corresponding period looks good, margin pressure not so good but part of the game.
http://nzx-prod-s7fsd7f98s.s3-websit...386/313294.pdf
Yes a very good and solid update and I note the recent lift in the $Kiwi which will be of assistance going forward.
Happy holder.
NZD stronger this week
looks like a bit of earnings growth in F20 ....but nowhere near Beagles 15% pa :p:):cool::scared:
All honky dory ,,,,but no doubt some will see as a veiled 'downgrade'
http://nzx-prod-s7fsd7f98s.s3-websit...386/313294.pdf
First 8 weeks sales +7.23%
First 16 weeks sales +7.1%
So hanging in there (no need for beagle to work out last 8 weeks growth this year)
Last year HLG couldn't convert solid sales growth into increased profit
On an apples for apples basis sales up 6% but profit down 4%
Last year things were just 'challenging' but this year they use words like 'competitive' and 'significant'
A good full year outcome I reckon will be profit the same as last year ....no growth but not going backwards...and keeping that HUGE DIVIDEND intact
Agree.
Black Friday,Boxing Day Sales,etc eat into retailers' margins.
Then you only need WHS or Farmers to panic,and everyone's margins come under further pressure.
Yet HLG will keep paying the huge divie.Those growing online sales become more important all the time.
Exchange rates will fluctuate and go up and down, that's a given. I am focused on the long term and whether their current dividend is sustainable and I think it is and that in the long run the current sales growth (which builds very nicely upon sales growth in previous years), provides encouragement that HLG as a company and as a brand is doing very well.
Clothing retail market all good in Australia ....not going gangbusters but pretty good
ABS report clothing sector sales for October +2.1% on pcp ...last 3 months +3.6% up on pcp
Wonder how Glassons going ....maybe gangbusters
Just wanted to let the faithful know that the main store on Lambton Quay is pumping along nicely ...
Been out in the paddock a bit long over the winter so my dinner suit trousers were a little tight. Decided to have a Look in Hallensteins.
$ 199 or $ 299 for a full dinner suit . I found a pair of black trousers that did what I needed for $ 79.00 . Gladly accepted the up sell
of 2 for $ 99.00...So your next divvy is safe .....They even had a dude spinning some discs to create a bit of atmosphere .
I won't comment on the soft porn posters adorning the lower floor walls :)
Must be that time of year to check out the latest Glassons swimwear collection https://www.glassons.com/clothing/swimwear, all 11 pages of it :blush:
Beagle is that you being naughty again...bad dog, get back in your kennel (Mrs Beagle)
Do they have "the models" "in the flesh" at the agm.?
Talking of models I love the way that HLG conveniently incept user friendly models that competently drives user friendly e-commerce
Shows resilience