SSG +4.23%: the retailer hosted its AGM today, providing a positive trading update that took shares higher. Total sales growth to 6 November was up 13% on FY22, running around $8.5m ahead of last year. Sales growth was running at +19% in the first 7 weeks, with the drop coming as they start to cycle the end of COVID lockdowns last year. The company said it was pleased with inventory levels across the business as they enter the important holiday sales period though they didn’t provide any further guidance for FY23.
MM is bullish SSG
Add To Hit List
