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Added a month ago
#Valuation

Post AGM update.

Like for Like store sales up 2.3% for first 17 weeks in FY20. Slowing down slightly from the previous update.

Store rollout is on track to exceed FY19 rollout

Still fully valued at this stage as future store rollouts are somewhat baked in to the share price.

 

 
Added 3 months ago
#Valuation

FY19 reports SSS recovering, and rollout in USA and Europe gathering pace. Valuation increased accounting for increased store rollouts in USA and France. Expectations for FY20 rollouts will be that it exceeds FY19 (i.e. > 64 new stores).