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Ann: 2023 AGM Presentation, page-11

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    Retail 101. "Volume Adjust" for falling sales with a "Buy rate" and you will find your numbers are remarkably higher.

    Also need to acknowledge profit contribution by store for new space.

    As well as factor in the last 5 weeks of year are the majority of profit. How do you even know what will happen

    Forecasting brings path dependency imo
    Last edited by SethKlarman: 28/11/23
 
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