Hey guys, I've done some very quick numbers based on some info just released from STP's Insta page. Can someone please check it as there's a good chance I've made an error.
Insta post:
Analysis
So we know that they sold 5,000,000 pairs in CY24. I tried to look at historical info to work out the number of units sold in 2HCY24/1HFY25.
The columns in green are actual numbers they have provided so are true. The rest are estimates. I've tried to keep things relatively simple.
The 1HFY24 rev was a bit higher but I've used a formula based on the numbers to cross check and it comes within 2% of the actual so its legit.
All and all it tells me (and I could very well have screwed something up here) that 1HFY25 revenue could be something around $65-70m vs 1HFY24 revenue of $44-45m or growth of at least 40%. I would believe this just given how closely I was following how fast products were selling out over the sale period but it does seem quite high.
Any input would be valuable!!
This post also tells me an update is probably coming on Monday.
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Analysis
(20min delay)