This is a low single figure growth business not a high growth flashy tech company. The market often gets confused.
HSN guided for full year EBITA margin of 27.5% & for the half achieved 27.4%, which while I'd prefer to be ahead of the full year target it's at least on track.
I'm not very bright but I didn't see anything in the earnings that indicated HSN is not performing well & as I would expect. Once again the market reaction depends on its expectations.
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