Hi @sighsigh
As I stated above, their moats are due to their scale, distribution and low-cost production. As they grow their number of stores (both physical and online) and increase the volume of products they are selling, they will be able to order/manufacture more at cheaper prices, enabling them to be profitable from tighter margins and lower prices (respective of quality) that smaller stores would not be able to make a profit on. I would like to see a bit of improvement in LFL Sales and same-store growth though as I see this deteriorating. I think it's a good long-term hold currently as long as they continue to successfully execute their expansion strategy, however they are trading on a pretty high PE and if growth-by-expansion slows combined with a lack of growth in LFL sales we could see a nasty re-rate once this becomes apparent to the market.
Hi @sighsighAs I stated above, their moats are due to their...
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Last
$31.72 |
Change
0.820(2.65%) |
Mkt cap ! $3.479B | |||
| Open | High | Low | Value | Volume |
| $31.15 | $32.02 | $31.00 | $6.762M | 214.0K |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$31.77 |
Change
0.820 ( 2.70 %) |
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| Open | High | Low | Volume | ||
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