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16 February 2021, 8:30 AM
Adairs (ADH) had an exceptionally strong period of grwoth in 1H21, and has been a major beneficiary of the domestic consumption tailwinds brought about by COVID-19.
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14 February 2021, 7:30 AM
Baby Bunting Group (BBN) confirmed entry into the NZ market in their 1H21 result. The move provides further longevity to an already strong growth profile.
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08 February 2021, 2:40 PM
Analysis on Domino's Pizza, Lovisa, IDP Education and other retail sector stocks ahead of Reporting Season First Half 2021. Watch now.
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02 February 2021, 5:00 PM
Motorcycle Holdings (MTO) has upgraded its 1H21 EBITDA guidance once again, with strong margins remaining the key driver of growth.
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01 February 2021, 9:00 AM
Mosaic Brands (MOZ) has provided their 1H21 trading update. We believe MOZ offers value relative to retail peers; however, given the significant operational restructure underway, we maintain a hold rating.
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13 January 2021, 9:00 AM
Universal Store Holdings (ASX:UNI) has seen a very strong resurgence of demand/sales in the wake of COVID-19 as restrictions eased. We think the group can sustain a 15x+ multiple based on a superior growth profile with multiple levers and strong cash generation.
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08 December 2020, 4:00 PM
Adairs' (ASX:ADH) strong sales trends have continued. Material upside to ADH’s current valuation/rating will ultimately lie in its ability to
demonstrate that current elevated earnings levels are sustainable. In the meantime, we expect ADH’s balance sheet to be in a strong net cash position.
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02 December 2020, 4:30 PM
Universal Store Holdings (ASX:UNI) has carved out a strong competitive advantage in the youth apparel category,
benefiting from a disruptive and likely enduring shift to streetwear.
UNI remains relatively ‘young’ in terms of both footprint and brand awareness in
newer markets like NSW/VIC, lending strong sales upside in periods to come.
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By Alex Lu
12 November 2020, 12:00 AM
Wesfarmers' (ASX:WES) trading update overall for October YTD was better than we expected. Bunnings and Officeworks were particularly strong with Catch also maintaining good momentum. LFL sales at Kmart and Target were solid, boosted by very strong online growth, although total sales were adversely impacted by government-mandated store closures in Melbourne.
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10 November 2020, 12:00 AM
There are many unknowns around timing/scalability/adoption of the vaccine, but whichever way you look at it, most retailers have been a major beneficiary of the redirection of spending during COVID and could now become a funding source.
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