sharetrader
Page 52 of 67 FirstFirst ... 24248495051525354555662 ... LastLast
Results 511 to 520 of 664

Thread: Retail Stocks

  1. #511
    Advanced Member
    Join Date
    Jun 2020
    Posts
    2,237

    Default

    Briscoes reports y-o-y growth for 2nd quarter ending July 31st, forecasts NPAT growth for full year.

    https://www.nzx.com/announcements/396397

  2. #512
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    Quote Originally Posted by LaserEyeKiwi View Post
    Briscoes reports y-o-y growth for 2nd quarter ending July 31st, forecasts NPAT growth for full year.

    https://www.nzx.com/announcements/396397
    Yep, sales up 3.5% on pcp (probabaly selling less things) but margins down so NPAT down about $2m

    I hate it when a company says they'll make up any first half shortfall in the second half ... generally doesn't happen so just as well Rod is a guru and in Briscoes case it will happen
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #513
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    A few insights in this article about Aussie retail


    "Some people will be pulling back [on spending] while others are still spending like crazy, but on average people are spending like crazy," he says. ..... but 2023 might not be as good


    https://www.morningstar.com.au/credi...ail%20Campaign
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #514

  5. #515
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    Card Spend July

    Retail card spending down 0.2 percent in July

    https://www.stats.govt.nz/news/retai...rcent-in-july/

    That's seasonally adjusted

    v last year Total down 0.5% / Core Retail down 0.9% / Durables down 4.0%

    Durables probably most relevant for listed retail - so down 4.0% not too good

    Core Retail value down 0.9% but number of transactions down 8.8% gives some idea of volume and inflation impacts
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #516
    Advanced Member
    Join Date
    Jun 2020
    Posts
    2,237

    Default

    Quote Originally Posted by winner69 View Post
    Card Spend July

    Retail card spending down 0.2 percent in July

    https://www.stats.govt.nz/news/retai...rcent-in-july/

    That's seasonally adjusted

    v last year Total down 0.5% / Core Retail down 0.9% / Durables down 4.0%

    Durables probably most relevant for listed retail - so down 4.0% not too good

    Core Retail value down 0.9% but number of transactions down 8.8% gives some idea of volume and inflation impacts
    I’m very confused by the Fuel spending being down dramatically year on year when fuel prices are significantly higher than they were a year ago….? That would imply transport movement is down dramatically.

  7. #517
    Advanced Member
    Join Date
    Aug 2021
    Location
    Auckland
    Posts
    1,619

    Default

    Quote Originally Posted by LaserEyeKiwi View Post
    I’m very confused by the Fuel spending being down dramatically year on year when fuel prices are significantly higher than they were a year ago….? That would imply transport movement is down dramatically.
    fuel consumption is up year on year 6.4%, in actual dollars.
    fuel consumption is down 6.1% on a SA basis relative to june. or down 2% in unadjusted raw dollar terms.

    prices have fallen since june.

    this page has slightly more detail. plus you can just click on the excel files to see everything for yourself. always a bit confusing what stats nz are refering to sometime (movement on prior year, movement on prior month on a SA basis, etc etc)
    https://www.stats.govt.nz/informatio...ons-july-2022/

    but on the traffic point - the latest anz traffic index was sluggish.

  8. #518
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,739

    Default

    Quote Originally Posted by LaserEyeKiwi View Post
    I’m very confused by the Fuel spending being down dramatically year on year when fuel prices are significantly higher than they were a year ago….? That would imply transport movement is down dramatically.
    Fuel spending in July this year was UP 6.4% on last year

    They mentioned fuel prices fell in 2nd half of July .... probably why +6% in JUly is lower than +14% in June
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #519
    Advanced Member
    Join Date
    Jun 2020
    Posts
    2,237

    Default

    Cheers lads - had missed that chart title - the world makes sense again.

  10. #520
    Advanced Member
    Join Date
    Jun 2020
    Posts
    2,237

    Default

    I do know a lot of people who took overseas holidays over the alst 6 weeks (Aussie, Fiji, Raro & Hawaii specifically), I wonder if all those delayed holiday trips are now biting into local retail spending in terms of discretionary spend. Hard to tell if that would be a long lasting effect or just a temporary blip if so.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •