I don't think FY24 earnings will match FY23 as there is a higher portion of sales going to CODB so although the top line is growing, the bottom line will be weaker. So thats the comment that sent the SP down.
I am very surprised by the large number of stores they plan on opening..The previous commentary was for atleast 50 new stores in FY24 and now they are saying they will do 70 stores in just the first half! I'm happy to be corrected but that is a very big upgrade on the number of store openings.
Ann: Trading Update, page-7
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