I am looking together at Universal Store and Dusk, which target a similar age group (even if Dusk is focused on female customers).
Both companies had a significant decrease of their lfl sales during H1 24, but it had a very different impact on their EBIT : large decrease for Dusk vs + 8 % for Universal.
The main differences between the 2 companies :
- gross margin trend (increase for UNI by 80 bp vs slight decrease for Dusk),
- the main difference was about the CODB (flat for UNI, excluding the effect of CTC, vs + 6 % for Dusk).
Uni also benefited from the consolidation of CTC for the full half period (small contribution for H1 23).
The Universal store chain (excluding Perfect Stranger and CTC) had a good resistance during H1 24, as their underlying EBIT was down only 0.7 m$, while its sales decreased by 2 m$. It was due both to a gross margin in line with H1 23 and a good cost control.
Ann: FY24 Trading Update & Guidance, page-13
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Last
$6.88 |
Change
-0.110(1.57%) |
Mkt cap ! $527.8M | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.00 | $6.82 | $844.5K | 122.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5032 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.95 | 479 | 3 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| UNI (ASX) Chart |