Overall there is nothing to get too excited about in today’s Q1 update. If anything the figures are a smidge disappointing. However, the building blocks and underlying trends (including customers up 4% in power brands) bode well for a much improved trajectory from Q3 (especially vs. soft comps). The weighting towards H2 means the shares are unlikely to do much near term, perhaps even weakening on the drag LFL figure today, but we believe it is worth dusting down previous sensitivities and analys ....
19 Jun 2015
Drab Q1 but buildming blocks in place and very soft Q3 comp ahead
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Drab Q1 but buildming blocks in place and very soft Q3 comp ahead
N Brown Group plc (BWNG:LON) | 14.3 0 0.0% | Mkt Cap: 66.3m
- Published:
19 Jun 2015 -
Author:
Matthew McEachran -
Pages:
4
Overall there is nothing to get too excited about in today’s Q1 update. If anything the figures are a smidge disappointing. However, the building blocks and underlying trends (including customers up 4% in power brands) bode well for a much improved trajectory from Q3 (especially vs. soft comps). The weighting towards H2 means the shares are unlikely to do much near term, perhaps even weakening on the drag LFL figure today, but we believe it is worth dusting down previous sensitivities and analys ....