Ann: FY23 Sales Update, page-12

Macro looks horrible:

From the AFR today:

1. Outside of food, retail sales contracted 0.6 per cent in October.
2. This data is expressed in nominal terms, which means its boosted by the current rate of inflation.
3. Dwelling values in Greater Brisbane are dropping at a never before seen 2 per cent since their early peak in June.
4. Hobart dwelling values dropped two per cent in November.
5. One in four home loans will switch from fixed (1.75 and 2 per cent) to double levels 5 to 6 per cent in 2023.
6. Commonwealth Bank economist Gareth Aird argues ".it takes time for this tightening to impact the demand goods and services and by extension prices.."

Above is not financial advice and my opinion only.