20 Apr 2021
Strong Q1 trading, ahead of re-opening bounce
Trading momentum has continued to build since H2, and sales in Q1 FY21 are up YoY against comps that were only marginally impacted by covid. With softer comps for the rest of the year, covid restrictions starting to lift, and further progress on distribution, Warpaint looks well placed to recover sales/profits in FY21 and FY22. Although the shares are at a 2-year high, further gains to historic levels could be unlocked as earnings and rating continue to rebuild.
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Strong Q1 trading, ahead of re-opening bounce
Warpaint London PLC (W7L:LON) | 412 0 0.0% | Mkt Cap: 318.7m
- Published:
20 Apr 2021 -
Author:
Matthew McEachran -
Pages:
3
Trading momentum has continued to build since H2, and sales in Q1 FY21 are up YoY against comps that were only marginally impacted by covid. With softer comps for the rest of the year, covid restrictions starting to lift, and further progress on distribution, Warpaint looks well placed to recover sales/profits in FY21 and FY22. Although the shares are at a 2-year high, further gains to historic levels could be unlocked as earnings and rating continue to rebuild.