What is wrong with these rampers!17 Dec 2021 09:56
Some right guff by the rampers like RichTheNewbie
Inflation is up!
Covid is at all time high recorded cases!
No gov support for workers
Interest rates are rising
Lets look at the amazing RNS.
ROE DOWN
USA DOWN
ROW DOWN
Guidance DOWN
RETURNS UP
COST UP
· Significant and ongoing pandemic related inbound freight cost inflation impacted gross margin in the Period, down 100bps year on year. This is estimated to impact EBITDA by approximately £20 million in the financial year, the majority of which is in the second half
Guidance DOWN
For the year ending 28 February 2022, the Group now expects net sales growth to be 12% to 14%, compared to previous guidance of 20% to 25% growth.
Margins down
Adjusted EBITDA margin for the year is expected to be 6% to 7%, compared to previous guidance of 9% to 9.5%,
The Group expects to incur cash exceptional items for the year of around £33 million, compared to £22.5 million previously guided, primarily due to warehouse and new brand restructuring.
- outbound freight cost inflation of approximately £45 million as a consequence of higher carriage rates
RichTheNewbie it goes on and on and you clearly think that the BOD are speaking guff when they tell you things are bad!
WOW go all in man, go all in.