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.
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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.
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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.
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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.
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By Alexander Mees
10 January 2022, 10:30 AM
We have remodelled Accent Group (ASX:AX1) following a change in analyst coverage.
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By Steven 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.
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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.
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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.
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By Alexander Mees
30 November 2021, 8:30 AM
We think investors are already beginning to warm to the idea of ADH’s $80m acquisition of Focus on Furniture.
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By Alexander Mees
26 November 2021, 8:00 AM
Universal Store (ASX:UNI) continues to impress us. LFLs in the first 20 weeks of FY22 were +3.1%, more than 2 ppts above our estimate of 1.0%.
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