I remember a while back when Morgans warned about a pull forward in demand (at 2.20 keep in mind) and there was similar concerns about other retailers underperforming expectations.
Major profits last year came from good margin improvement (sales revenue only improved by a small amount in comparison). The combination of improved sales now that lockdowns have lessened this year and sustained margin improvement will probs deliver nicely.
AX1 Price at posting:
$2.77 Sentiment: Hold Disclosure: Held
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