I tend to look at the NPAT in dollar terms of $24.3M from revenue of $3.186B (<1%) rather than % increase YOY. There doesn't seem to be much protection from any further possible downturn.
As noted, CW (+ Good Price & DDS) are located in much cheaper stand alone sites or shopping strips, not over priced shopping centres.
Isn't it all about margin & cash flow, not just more sales?
Commentary only, DYOR
api - thoughts, page-3
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