TRS has its core customers and they always shop there, it not a business where you can drive a lot more customers in but their customer base is very reliable and
usually, the same mob that shop at TRS years in years out, they normally grow by adding more stores and attract the same sort of customers in places where there is no reject shop, they can also grow merchandise mix and the people shop there can buy additional items there instead of shopping elsewhere.
That why you see quite reliable revenue give or take a few % points here and there and not unusually for it to be flat.
They can grow earnings by having scale and margin expansion so revenue can be flat from the same customers but they earn more due to cheaper operation cost, scale and margin expansion etc.
at this price, no worry at all, price for virtually no growth just load up if it goes to $5 and eats dividend
TRS Price at posting:
$5.42 Sentiment: Buy Disclosure: Held
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