ARB -11.18%: the 4WD accessory business was out with a trading update today that disappointed investors. Sales for the 9 months to the end of March were up 18%, but that hid a slowdown in the 3rd quarter which was up just 4%. They flagged a number of issues impacting operating conditions at the moment. Staff shortages are front and centre and are likely leading to reduced sales. The new car market remains significantly backlogged which will also see sales growth delayed at best. Materials costs are also rising which will further squeeze margins.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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