It's that gross margin that never seemed sustainable, imo. BBN GPM was around the 33%-34% range until covid when it suddenly went up to 37%-39%. Even more weirdly, it didn't flow through to operating margins.
The winter for these covid retailers has definitely arrived. BBN's a reasonably good retailer and should be OK. It's been added to my watchlist. I still think there's a fair bit of water that needs to pass under the bridge before sentiment improves.
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It's that gross margin that never seemed sustainable, imo. BBN...
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