The numbers all look pretty good at face value, but they don't really match the hype the SP has been running on - namely the growth opportunity in the Chinese market. Only a 17% rise in Sukin sales is a bit lacklustre given the hype.
Coles ranging will start to boost those numbers as they haven't been in there for the full YoY comparison, but it looks like the market was expecting more.
Just think of it as a 25% off sale. Company is still doing great and is now perfectly positioned for the future. Just need to start the sales really ticking over, especially in the OS markets.
BWX Price at posting:
$5.45 Sentiment: Buy Disclosure: Held
