Not overly impressed by this result - but they put through...

Not overly impressed by this result - but they put through guidance downgrade earlier in the year.

Overall sales are up by a decent amount, perhaps they’re targeting $1bn in sales over the next few years? Just need to start fixing up the margins, as the cash burn is a worry. I think TRS is in a unique position that actually help with the cost of living crisis - provided they market themselves a bit better.

I still think they’re trading on the cheap. Let’s see what today’s results will bring, but I’ll consider topping up through the year. I actually shop there for laundry goods and kids toys. Oh and their plastic tubs and stuff. It’s decent stock, cheaper than Kmart.