SOS has traded well in H1 in its 3rd party channels and is a top performing brand at M&S/Next. New agreements have been announced in OZ and CAN. It has also unveiled plans to become a full-price ‘multi-channel’ brand, with the 1st stores to open by spr’24 a timely development in our view. This explains why H1 gross margin is so strong, as it has reduced promotional activity albeit lower resultant short-term volumes on its website reduce 24/25 forecasts, which markets may dislike. The channel dat ....
18 Oct 2023
Near term investment to create further future value
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Near term investment to create further future value
Sosandar Plc (SOS:LON) | 12.0 0 0.0% | Mkt Cap: 29.8m
- Published:
18 Oct 2023 -
Author:
Matthew McEachran -
Pages:
3
SOS has traded well in H1 in its 3rd party channels and is a top performing brand at M&S/Next. New agreements have been announced in OZ and CAN. It has also unveiled plans to become a full-price ‘multi-channel’ brand, with the 1st stores to open by spr’24 a timely development in our view. This explains why H1 gross margin is so strong, as it has reduced promotional activity albeit lower resultant short-term volumes on its website reduce 24/25 forecasts, which markets may dislike. The channel dat ....