Morgans Blog | Morgans

Podcast – Retail: Josephine Little, Senior Analyst

26 March 2020, 12:25 PM

Morgans Senior Analyst Josephine Little shares an update on the retail sector given the latest restrictions due to COVID-19.

Retail in the trenches; COVID-19 cuts

By Josephine (Jo) Little

19 March 2020, 11:30 AM

We recommend treading very carefully with the consumer discretionary space given it is at the pointy end of any economic fallout, has high fixed costs and this situation is changing daily.

Retail: Large liquid leaders best placed & back in the zone

By Josephine (Jo) Little

03 March 2020, 10:40 AM

We review reporting season across our retail coverage. Our over-arching sector preferences shift to quality, liquid, more defensive stocks given current macro dynamics and a potential negative impact on consumer demand/spending. We have shifted some recommendations accordingly.

Baby Bunting Group: Still our all-rounder pick

By Josephine (Jo) Little

17 February 2020, 1:40 PM

BBN reported a slightly weaker than expected 1H20 result, with a higher than expected GM (+230bp yoy) offset by lower sales (1% LFLs) and opex investment.

Coles Group: The devil is in the detail

By Alex Lu

07 February 2020, 2:09 PM

Coles Group (ASX:COL), 1H20 sales performance was better-than-expected with all divisions delivering solid growth.

Retail: Stock take... weighing up current dynamics

By Josephine (Jo) Little

06 February 2020, 12:15 PM

Despite a couple of sector downgrades in January, we are broadly expecting in-line results from the rest of our specialty retail coverage (albeit a greater proportion of 2H growth skews this year). We think consumer conditions are more supportive than this time last year, although impacts from events such as bushfires/coronavirus can dent short-term spending/trading conditions.