bullish
Best & Less Group Holdings Ltd - Growth off the FY23 Base Not Dependent on Sales Growth
SUMMARY
- Best & Less (ASX:BST) is a leading ‘value apparel speciality retailer’ with a particular focus in baby and kids wear (~50% of revenue).
- The group has 245 stores under the Best & Less brand in Australia (183 stores) and Postie brand in New Zealand (61 stores).
- As an apparel based omni-channel retailer the cycling of lockdowns and a wet/cold beginning to the FY23 summer period impacted both like store sales and resulting gross margins due to clearance activity.
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- Best & Less Group Holdings Ltd - Growth off the FY23 Base Not Dependent on Sales Growth28 Feb 2023
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