State government mandated restrictions meant 31% lower trading days with a estimated sales impact of around $30million and EBIT impact around $16m
Add that back in and compare to FY’20
The most important thing here is that its business model is in good shape going into a much less restricted Covid -19 environment and the desire to WFH and keep the family home a comfortable and safe place means the demand for Adairs products continue unabated.
I hope the SP crashes today as I am ready to buy more and hold for the long term.
ADH Price at posting:
$3.81 Sentiment: Buy Disclosure: Held
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