MCP mcpherson's limited

Ann: 1HFY17 Results Release, page-4

  1. 11,621 Posts.
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    I guess their little Multix div has been whacked into the health and beauty segment to make it harder to break down. Home Appliances revenues are down 15% on pcp. Health and Beauty revenues are down 5% on pcp. I don't really think I buy into all the underlying numbers tbh. They have just ditched their private label and they say that is why it is down (7% actually - Multix would be the swing I guess) - we have to take their word for it - but even so that is a negative sign as to how competitive it is and how reliant they are on brands they do now own.

    GLTA
    Last edited by CaptainBarnacles: 21/02/17
 
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