In an ASX announcement on 31 August 2023 they stated:
- Launch of a range of innovative products expected to return Hollista to growth in the near term.
- Most of these products have been or are expected to be launched before the end of 2023 and are expected to contribute to Group revenue in the current half.
As usual, that seems to be kicked down the road to second half of 2024 with no explanation as to why that is. They're just hoping nobody noticed.
https://www.holistaco.com/pdf/asx-2023/Appendix_4D-Half_Year_Report.pdf
In the AGM presentation below from May 2023, you can see how the same rubbish about expected growth is continuously regurgitated with no substantial basis for the prediction. It's like they think it will improve based on their own fantasy and without them having to do anything to make it happen. like releasing products when you say you will instead of kicking them down the road constantly... If we keep saying results will improve every year there is a chance they might actually improve in one of the years, eventually.
https://www.holistaco.com/pdf/asx-2023/AGM_Presentation_may23.pdf
Extremely poor performance. No drive or actual desire to make things happen at all. Just big dreams. Anyone reading their reports should view them as a brainstorm of ideas that never materialise. Like TGA approvals for sanitiser - simply no mention of it any more.
Stop continuously overcommitting and underdelivering. There is clearly a talent and performance issue in the business. It would be better if if you said much less and did a lot more.
(20min delay)