Lower margin = higher volume and in turn higher gross profit $ but lower gross profit %.
This is typical retail model.
Obviously the retail outlets have the capacity to drive out more revenue.
I would not stress about the margins as long as the top line improves and gross profits is okay.
Ann: FY24 Results Announcement and trading update, page-6
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Last
$1.91 |
Change
-0.040(2.05%) |
Mkt cap ! $257.6M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.95 | $1.80 | $359.0K | 189.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1522 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 12931 | 2 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| BBN (ASX) Chart |