A bit tough to say that results were roughly as expected. EPS beats the consensus by 11 %. Quite scarce these days for retailers.
For the rest, you may be right, if it is just about demand. But do not forget also the supply side. It is tough for a lot of retailers at the moment. So we can expect more store closures and even some M&A opportunities. Not necessarily a bad scenario in the medium term for the best operators in their segment.
AX1 Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
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