FY24 costs will not be disinflationary. Costs will have risen, substantially, whilst LFL store sales have reduced = profit slump.
Outlook for retail sales over next 12 months is neutral to negative. Any recovery likely relies on rates falling - there are mixed views on how far they will fall. I suspect it won’t be far enough to provide a sizeable bump in available discretionary spend - rather it might allow households to balance their budget, whereas currently cashflow for many households is negative.
FY24 costs will not be disinflationary. Costs will have risen,...
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Last
66.0¢ |
Change
-0.020(2.94%) |
Mkt cap ! $41.09M | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 68.0¢ | 66.0¢ | $56.37K | 84.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4038 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 2385 | 1 |
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| Last trade - 15.25pm 06/06/2024 (20 minute delay) ? |
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Last
67.0¢ |
Change
-0.020 ( 1.47 %) |
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| Open | High | Low | Volume | ||
| 66.5¢ | 67.5¢ | 66.0¢ | 17872 | ||
| Last updated 15.33pm 06/06/2024 ? | |||||
| DSK (ASX) Chart |