I wonder what the 40% increase in online sales in July means for them?
They reported roughly 100mln in online sales. With their 40% increase in H2 they have 60mln compare to 40mln in H1. Assuming the trend continues online sales for the the next year 120mln, roughly 1/5 part in the total revenue and just to offset amortization costs. Not helping much to be profitable unfortunately. I guess cloth selling businesses are among the hardest hit by Covid..
Disclaimer: i have this stock in my watchlist, was looking to hold it, not this time though..
Ann: MOZ - FY20 Results Release, page-11
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