CZM released a mixed set of Q2 results. Despite the challenging macro-economic environment and supply-chain constraints, the firm managed to report double-digit sales growth across all segments. While operating profitability remained under pressure, there was a sequential recovery vs. the Q1. More importantly, given the recovery in consumables (high margin business) at the end of the Q2 and the upcoming peak summer season and supply-chain improvements, further sales growth and profitability enha ....
09 May 2023
Mixed Q2, but promising operational dynamics
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Mixed Q2, but promising operational dynamics
CZM released a mixed set of Q2 results. Despite the challenging macro-economic environment and supply-chain constraints, the firm managed to report double-digit sales growth across all segments. While operating profitability remained under pressure, there was a sequential recovery vs. the Q1. More importantly, given the recovery in consumables (high margin business) at the end of the Q2 and the upcoming peak summer season and supply-chain improvements, further sales growth and profitability enha ....