Yeah, I agree with you there. The lengthy lockdowns in both NSW and VIC will have a large impact on sales.
There is however some positives. This below quote was from Quarterly Activities Report – Q4 FY2021:
Cash inflow from operating activities for Q4 FY21 ended at $53 million
While positive cash inflow does not equal profit, it is a good indication. For example they may have achieved higher cash flow due to selling down stock inventory to achieve this.
IMHO, MOZ (and all retail) are hanging on waiting for the federal gov and the states to commit to an exit plan where we live with the virus. I.e. how many cases and deaths are we willing to accept in order to re-open the economy. I can only imagine how frustrating it would be for them when they have a good quarter and then go back into lockdown for extended periods.
