Ann: ADH FY2020 Adairs Results Presentation, page-59

That indeed is the question.

Momentum is a wonderful in business. Once it is achieved extraordinary results can be achieved.

Adairs certainly has momentum. If it can be maintained it will be a cash generating machine.

Low interest rates are here to stay and international travel, at scale, is probably two years ago. Also I would expect most of Adairs regular customers to maintain their jobs as opposed to young casuals who have suffered the most in terms of employment and lost wages.

So given that I cannot see what would slow down the momentum Adairs has generated.

Cheers"...........Daicosisgod