DSK 2.63% $1.17 dusk group limited

Interesting you mentioned Adairs - along with Myer the closest...

  1. PMW
    220 Posts.
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    Interesting you mentioned Adairs - along with Myer the closest in the list of companies you mentioned to the types of things Dusk does. Its half yearly report was pretty poor.

    Group sales of $291.4 million, down 10.1% on a comparable 26-week basis

    Gross profit down 6.8%

    CODB down 3.9% with cost management initiatives fully offsetting inflationary pressures
    from higher wage rates, payroll taxes, rents and utilities

    Underlying Group EBIT of $28.6 million (27 weeks: $30.9 million), down 19.3% on a
    comparable 26-week basis

    Their margin and CODB were better and they paid off some debt but still that doesn't suggest a company growing and going places. I suspect in their case investors have decided that the worst has already happened and that is why Adairs' share price is improving.
    Last edited by PMW: 15/03/24
 
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