We expect XXL to report Q4/20 EBIT of NOK 96m, 10% above latest Factset consensus of NOK 87m. The positive deviation is explained by an estimated gross margin of 39.0% vs. cons. 38.1%, as we expect profitability to benefit from limited discounting in the quarter. Despite warm weather and poor snow conditions we estimate like-for-like sales growth of 7.8%, driven by strong demand for sporting goods and outdoor equipment across the company's home markets.
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Finally winter is coming
We expect XXL to report Q4/20 EBIT of NOK 96m, 10% above latest Factset consensus of NOK 87m. The positive deviation is explained by an estimated gross margin of 39.0% vs. cons. 38.1%, as we expect profitability to benefit from limited discounting in the quarter. Despite warm weather and poor snow conditions we estimate like-for-like sales growth of 7.8%, driven by strong demand for sporting goods and outdoor equipment across the company's home markets.