RE: “The groups financial guidance for fy24 remains unchanged”20 Jun 2024 15:44
Good Link Pokerchips from Sobey. This drop is way overdone. But given Black Rock has started to reduce (and their breakeven was 250 by my estimation) I take that as a signal to others to reduce. Today is a bonus for other shorts to take advantage, so I expect a number of them will reduce here. We will see in 2 day (Monday).
The phrases I liked in the Sobey report was
"Voilà experienced a sales increase of 23.5% compared to the same quarter in the prior year"
and
" ending its mutual exclusivity agreement with Ocado subsequent to the year ended May 4, 2024, slightly before it was originally estimated to end."
Not exactly abandoning the ship IMO. And given the results from Kroger equally positive about digital sales and the Kantar reports of Ocado Retail out performing other retailers yet again, this drop was orchestrated to allow an out for some shorts.
All IMO