Q2 was weak as unfavorable phasing of the back-to-school season affected sales within stationary. Challenging conditions in the lighters and one-piece shavers industry in the US also weighed on performance. Given the tough macro-economic environment and heightening competitive pressure, particularly in shavers post the acquisition of Harry’s by Edgewell, any sales growth acceleration is likely to prove elusive. Combining the above with tough comps in H2, in our view the FY19 sales targe
05 Aug 2019
Another weak quarter; FY19 financial targets appear out of reach
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Another weak quarter; FY19 financial targets appear out of reach
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
05 Aug 2019 -
Author:
Sumit Sayal -
Pages:
4
Q2 was weak as unfavorable phasing of the back-to-school season affected sales within stationary. Challenging conditions in the lighters and one-piece shavers industry in the US also weighed on performance. Given the tough macro-economic environment and heightening competitive pressure, particularly in shavers post the acquisition of Harry’s by Edgewell, any sales growth acceleration is likely to prove elusive. Combining the above with tough comps in H2, in our view the FY19 sales targe