I still buy into their export growth story despite signs that their products on Australian shelves are in decline. It was a disappointing update after a stellar run. PTL has such a strong brand in White King, and the number one market lead in the toilet cleaning category. As much as I hate to say that is a tough market out there, I am hoping their strategy on the wholesale and export fronts will at least compensate for the retail margin compression. Fingers crossed.
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