The net store growth rate for 1H was almost 14% for the half. Yearly they are tracking above 25% growth in stores. But here is the kicker. This doesn't include China. I saw on their Linkedin page that they are hiring legislation compliance officers or something similar in China. It could just be something to do with manufacturing but it could well be a precursor to moving into China. That will make the runway for store growth even greater. They will be limited only by prudent capex rather than demand or market size. Exciting times ahead
Ann: 1H FY23 Half Year Results Announcement, page-12
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