Ann: AXX: AXX consults on SIG's remedy for Chemist Warehouse deal, page-14

The current international expansion though is just a fraction of revenue, that's if they can expand internationally and not face off with the existing competition in those markets. 288m in international sales vs 3 Billion domestically.

There are about 520 chemist warehouse stores, so each store does about $5.7m revenue each a year, that's including online sales in there.

International sales increased $45 million year on year, meaning about revenue from 6-7 more stores.
Local sales increased $150m which is about 5% increase in turnover.

There would be very little growth domestically, from the looks of it 5-10% pa?

Can someone please explain the PE here as I haven't really looked into this much apart from the cw group holdings annual report that was released since they announced the merger. Everything seems to be hedged on the belief that it's going to become boots or walmart, don't doubt these guys though.