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#AGM/Trading Update
stale
Added 3 years ago

From the AGM presentation, for the 20 weeks of FY2021, 

  • LFL sales excluding Auckland and Victoria stores up 15.7%
  • LFL impact of Auckland and Victoria store closures of $39m
  • LFL sales including Auckland and Victoria stores up 1.3%
  • LFL digital sales up 129%
  • Targeting 30% of sales from digital.

On track to open 80 new stores in FY2021.

I feel the outlook is looking positive and the shareprice has some good momentum behind it. Well placed to benefit from both store and digital channels.

Disclaimer: I own AX1, bought during the covid selloff at an average of $0.85.