HVN -2.31%: The retailer was weaker today following their FY22 results that were ahead of consensus in total sales and profit, but a little softer in some of the other measures. Net profit of $811.5m was down 3.6% y/y against consensus estimate for $700.1m while the FY dividend of 37.5c was a touch ahead of the 37c expected (17.5c for the 2H). While FY22 earnings were down on FY21, they said the start of fiscal 2023 has seen “solid sales results”.
MM is neutral HVN ~$4.20
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