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17/02/25
07:05
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Originally posted by werdplaya58:
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He shouldn't resign though. All things considered, he's done a good job. This year the company will report the highest sales figure in its history. With the most recent revenue upgrade, I'd say it is also possible for the company to hit its original goal of $2B sales in FY26. By my estimate, sales growth of 9-10% this year and next would see this hit. They set this strategy in 2021 and remain on track with the targets. It's impressive to still be on track despite repeated declines in birth rates and while restructuring the business away from the failed daigou trade. It is an unpopular opinion because bashing management gives people more of an emotional outlet, but it needs to be said.
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Well results are out and it looks like I wasn't too far off the mark, in that they were able to acheive 10% growth for the half. Howerver there is also a further upgrade to FY25 revenue AND earnings which is good to see. A great result given that they had a wobbly start to the year with supply issues. They are on track for $2B revenue in FY26 at this rate, even though it is a goal they said might take until FY27.