Doesn't look great - store numbers up 5%, sales up 3.5%, lfl sales up 0.6%, by my read. UNPAT growth rate a bit slower at 15%, had been running at 18% growth last year and 37% the year before.
Might be a tentative sign that new stores are starting to cannibalise existing stores.
There are some big sales going through on Chi X ATM.
Anyway - all short term stuff ATM, will be keen to see the accounts, gross margins and the full breakdown. I think the market will be a bit nervous going into that.
API Price at posting:
$1.98 Sentiment: Sell Disclosure: Held
