It's an interesting result from an interesting company. I don't...

It's an interesting result from an interesting company. I don't own these shares, consider it often, but then conclude that the buy-in figure is a bit high.

Their comparable store (same store) sales growth was down about 4% which I don't consider an issue. Most discretionary businesses have suffered slightly with a background of poorer economic conditions, and they're not bullet proof.
Their store growth (74 stores) may reasonably be considered as an annual rate of 148 stores. This would mean 950 stores at end of FY2024. This would mean an 18% increase on FY2023 which is a little down on FY2022 to FY2023 but will support growth.
I don't understand the $9m reduction in the Director Fees. It's not clear (to me anyway) whether they've changed the rules related to director fee calculations or whether they're maintaining the rules and waived it this year with a view to holding profit number up.

They're priced for perfection and they achieve it for most of the time.
I'm sure they have some very prescriptive processes which they apply to their stores that make them very profitable very quickly.
Whether they can keep these tight processes in place as they expand rapidly is a big part of the dilemma and a reason why there are such disparate views about the right share price.