By Alexander Mees
25 January 2022, 10:30 AM
Adairs' (ASX:ADH) 1H22 trading update indicated additional costs, notably around the distribution centre, that has impacted margins more than we had expected.
Read more...
By Alexander Mees
20 January 2022, 2:00 PM
Strong demand for lighting products drove an excellent performance by Beacon Lighting (ASX:BLX) in 2Q22, allowing it to indicate today that its 1H22 earnings would be in line with the first half of last year, despite the effect of lockdowns during the period.
Read more...
By Alexander Mees
19 January 2022, 8:00 AM
JB Hi-Fi (ASX:JBH) preannounced a strong 1H22 result. Due mainly to unexpectedly resilient margins at The Good Guys (but at JB Hi-Fi Australia too), EBIT was 17% above our estimate and 16% above consensus.
Read more...
By Alex Lu
18 January 2022, 9:30 AM
Wesfarmers' (ASX:WES) trading update overall was better than we expected despite the group experiencing COVID-related challenges in some of its retail businesses.
Read more...
By Alexander Mees
17 January 2022, 10:30 AM
JB Hi-Fi (ASX:JBH) reports its 1H22 results on 14 February. If the ‘heightened customer demand’ reported at the AGM has continued through to the end of December 2021, the 1H22 result may be taken positively.
Read more...
By Alexander Mees
10 January 2022, 12:00 PM
We have remodelled The Reject Shop (ASX:TRS) on the basis of the AASB 16 lease accounting standard. There are no material changes to our estimates on a pre-AASB 16 basis.
Read more...
By Alexander Mees
10 January 2022, 10:30 AM
We have remodelled Accent Group (ASX:AX1) following a change in analyst coverage.
Read more...
By Steve Sassine
24 December 2021, 9:00 AM
Booktopia (ASX:BKG) has provided a pre-Christmas trading update, which put into focus the extent to which the COVID-impacted environment has had on BKG’s operations.
Read more...
By Alexander Mees
23 December 2021, 9:00 AM
Step One Clothing (ASX:STP) disclosed that it had found that it has been overclaiming GST credits in respect of an overseas-based advertising supplier. To rectify this issue, it needs to make an adjustment to prior and current year marketing expenses, but despite this, it reaffirmed its prospectus forecast for EBITDA in FY22 of $15m.
Read more...
By Alexander Mees
02 December 2021, 9:00 AM
Collins Foods' (ASX:CKF) 1H22 EBITDA was 12% higher than forecast at $94.9m, with better margins in KFC Australia and, notably, KFC Europe driving the out performance.
Read more...