By Alexander Mees
10 January 2024, 8:00 AM
The Australian Bureau of Statistics (ABS) has reported that seasonally adjusted retail sales were $36.5 billion in November 2023, the highest monthly sales number ever reported.
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By Alexander Mees
19 December 2023, 8:00 AM
We have updated our earnings estimates and target prices for all the companies in our consumer discretionary universe following the trading updates provided during the recent AGM season and recent movements in FX rates.
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By Alexander Mees
17 November 2023, 8:00 AM
ALS (ASX:ALQ) 1H24 underlying NPAT surprised to the upside, aided by FX and acquisitions.
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By Alexander Mees
31 October 2023, 8:00 AM
Retail sales grew by 0.9% in September on August 2023, which was greater than consensus expectations of +0.3%.
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By Alexander Mees
10 October 2023, 8:00 AM
It is a difficult environment for all discretionary retailers in Australia. A long period of inflationary pressure on the cost of living has sapped consumer demand and exacerbated uncertainty about future trading patterns.
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By Alexander Mees
02 October 2023, 8:00 AM
We are in a new era of ‘cost-conscious and clued-up’ consumers, prepared to spend time researching products online to ensure they get value for money.
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By Alexander Mees
28 September 2023, 8:00 AM
The Australian consumer appears to have run out of steam. Retail sales for August were up just 0.2% month-on-month (m/m) which was slightly below consensus expectations of +0.3%.
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By Alexander Mees
22 September 2023, 8:30 AM
Morgans Head of Research Alex Mees gives a reporting season wrap-up with the earnings of discretionary retailers generally exceeding our expectations during the FY23 reporting season, driving a positive inflexion in share prices.
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By Alexander Mees
29 August 2023, 8:00 AM
Retail sales rose by more than expected in July 2023, rising +0.5% month-on-month after a subdued performance in June.
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By Alexander Mees
28 August 2023, 8:00 AM
Jumbo Interactive's (ASX:JIN) FY23 earnings were in line with our expectations.
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