RE: Full Year Results - Thoughts?7 Feb 2023 09:21
The way I read it all is that the warning was about the early summer period not being as they quite hoped and so hence the September RNS. By all accounts their busiest period, the run up to Black Friday and just beyond towards Christmas was better than the summer period was suggesting and so the "in line with expectations" was closer to the original year forecast. The subsequent Walmart announcement and the increased focus on their corporate takeback programs are all good and are additional to the traditional direct to customer models. The proof will be in the published results i suppose. IMHO.