Shaver Shop (SSG) online sales soar
Shaver Shop (SSG) +15.32%: one of the retailers that has managed to see some benefit from the COVID era has been Shaver Shop which today announced full year guidance. With just 2 weeks left in the year, sales are 1% higher through the same period last year, with online sales more than doubling. The company expected EBITDA to come in at $17.25-$18.25m which was ahead of current exp. They also announced a special dividend of 2.1c to make up for the interim dividend cancelled earlier this year – a theme we’re starting to see, while shareholders can be expecting another dividend at the full year result.
The EBITDA guidance was around $3m ahead of guidance pulled at the peak of the crisis, with the market expecting a figure around $15m, around a 20% beat to expectations. The performance has come largely as a result of the investments made into the online offering, with very little impact seen as shoppers were forced online. With foot traffic returning to stores, online continues to see decent growth. A good number from the group, with momentum clearly on their side.
Shaver Shop (SSG) Chart
