BGR - Briscoes Valuation

[mistymountain]

Since my last post caught up with one of my online thinkers.

Worth checking in once in a while with the Ninja!!

Anyway... He was thinking like I have been above... so relevant to BGR...

Vid here. Pour a cuppa n watch

https://www.youtube.com/watch?v=77SIrWwUKuw

[winner69]

First quarter sales out this week

No doubt they will be pretty healthy numbers ….Rod always delivers


And hopefully he’ll mention improved margins. ….got to price gouge as much as you can in inflationary times.

[Waltzing]

It will be very very interesting.

Expecting flat but if it exceeds that it will be the Indian summer effect?

Interesting to see average temperatures for April May.

Seems the Wakatoo and BOP are having a huge change in climate.

Outdoor living in MAY!

[winner69]

First quarter sales up 1.7%

Looking at rolling 4 quarter sales chart could say things are getting back to a more 'normal' world. Briscoes have come out of covid lockdowns with sales at a level slightly higher than they where they might have been based on pre-covid tracking.

Quite interesting chart - the downs and the catch ups etc

http://nzx-prod-s7fsd7f98s.s3-websit...527/369848.pdf

[JohnnyTheHorse]

Are real sales actually going backwards given inflation???

Sorry that's a negative way to look at things.

[winner69]

Are real sales actually going backwards given inflation???

Sorry that's a negative way to look at things.

Probably is selling less things

Did mention margins 'under pressure'

[winner69]

Paid everybody when they were sick

and without application for the Covid-19 Leave Support Scheme.

Well done Rod

[Waltzing]

well W(n) what's your thoughts on that result.

"Recognising this we also note that
this year's first quarter also represents a significant increase of 16.97% on
the more comparable first quarter period of February 2019 - April 2019,
before any impact of Covid."

Interesting to see in a years time how the new store formats perform.

"After this first quarter the Group is on track to overachieve last year's
full year net profit after tax (NPAT). The composition of NPAT between the
first and second halves may fall differently however, given the significant
impacts associated with store closures, supply chain disruptions and staff
availability."

[winner69]

well W(n) what's your thoughts on that result.

"Recognising this we also note that
this year's first quarter also represents a significant increase of 16.97% on
the more comparable first quarter period of February 2019 - April 2019,
before any impact of Covid."

Thats 5.4% pa growth .... about right .... as I said seems sales settling into a new norm ....maybe

Wonder Rod didn't say 21% ahead of comparable period in 2018 .... sounds better

[Waltzing]

W(n) be very interested to see what the customers think of the new store layouts when the country returns from its under the sunny weather flu season.

But it looks like BRIS is not standing still and they have anticipated the supply chain problems.

Surely it a pretty good performance!