Stocks Down Under’s Post

What happened to retail stocks last week? 📈 Topps Tiles (11.1%) was the standout performer, a month on from warning first-half profits would be impacted by weak market conditions. THG (7.3%) was boosted by a strong performance in its beauty business with revenues beating expectations in Q1 2024. This was driven by increased demand in the UK and a greater focus on profitable markets and customers. The company expects turnover growth of 2-5% in H1 2024 and high single digit in the second half of the year. Travis Perkins (7.0%) share price rose following its Q1 trading update despite reporting a 3.7% decline in revenue. The company said its general merchant business gained market share but trading volumes were subdued. Toolstation also saw revenue edge into negative territory (-0.9%) due to weak demand in the renovation, maintenance and improvement market. Following the update, Travis Perkins share were given a consensus recommendation of 'hold' by six firms covering the company. Marks and Spencer (6.4%) was boosted by an upgrade to its stock by Jefferies to 'buy' from 'hold'. Elsewhere, Superdry's (-17.3%) share price remained fragile, falling to the bottom of our performance table following a muted response to its restructuring plan. WHSmith's (-9.5%) stock fell back despite reporting half-year results in line with expectations. Total group revenue rose by 8% with like-for-like sales in the UK travel business rising by 13%. Notably, WH Smith reported lower growth rates in its travel revenue at the start of the second half following a strong rise a year ago. Moonpig's (-8.8%) share price declined after a group of investors sold 25 million shares in the company on Thursday at 10% below Wednesday's closing price. The card specialist suffered its worst day of trading in three years as a result. Overall, the General Retail sector rose by 2.8% last week, outperforming the Food Retail sector which rose by 2.0%.

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What happened to retail stocks last week? 📈 Card Factory (7.3%) topped our performance table due to improved investor sentiment. Superdry's (6.6%) share price rose after it announced a restructuring plan that will see it delist from the London Stock Exchange. The company intends to raise cash through an equity raise and reduce rents to increase liquidity, with hopes to make "material cash savings" over the course of the three year plan. ASOS.com's (4.0%) stock edged up despite announcing increased losses in the first half of the year and a sharp fall in sales. In the six months to March 3, adjusted pre-tax losses widened to £120m from £87.4m in the same period a year earlier while group revenue declined 18%. There were some positives within their results including almost achieving their FY24 stock reduction target in H1, reducing inventory levels to £593 million compared to a goal of c. £600 million by the end of the financial year. Its Test & React model, that brings new products to market in under three weeks, is also proving to be a success, scaling rapidly and contributing to sales growth. B&M Retail's (1.9%) share price was boosted by an update to the company's valuation by HSBC which lead to a slight increase in the share price target. Elsewhere, Dr. Martens plc's (-28.4%) share price plunged to a record low after announcing both revenue and profit were expected to decline in FY25 due to weakness in the US and its CEO was set to step down after six years in charge. Sosandar (-10.9%) stock fell back despite announcing a 9% jump in revenue in its full year to March 31 2024 and strong trading in April. Dunelm's (-9.3%) share price edged lower after reporting a challenging sales environment although sales grew 3% in the 13 weeks to March 30, improving on the previous quarter. The company expects trading to be in line with targets and profit margins to be ahead of guidance. Overall, the Food Retail sector fell by 0.7% last week, outperforming the General Retail sector which declined 2.3%.

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3 Guidelines for Selecting Stocks Ideal for Retail Equity Investors Best shares to buy for beginners and retail investors show sales growth with sustained profitability. Such shares have free cash flows and are debt free. https://lnkd.in/dJptpcM .

3 Guidelines for Selecting Stocks Ideal for Retail Equity Investors Best shares to buy for beginners and retail investors show sales growth with sustained profitability. Such shares have free cash flows and are debt free. https://lnkd.in/dJptpcM .

What happened to retail stocks last week? Games Workshop Ltd (3.7%) rose to the top of our performance table due to improved investor sentiment. N Brown Group's (2.4%) share price rose despite announcing it was set to cut 35 head office roles as it looks to streamline operations as part of its business transformation programme. Moonpig (1.9%) stock rose after it reported it was on track to achieve expectations for the financial year ending 30 April. Moonpig noted they had seen volume growth during peak periods like Christmas and Valentine's Day. Elsewhere, Superdry's (-18.2%) share price lost almost a fifth of its value last week as it continues to secure funding for its turnaround plan. Currys plc's (-12.2%) stock fell back after losing both of its potential buyers. Chinese tech giant JD.COM announced on Friday it did not intend to make an offer for the electricals retailer. This followed the withdrawal from takeover talks by US hedge fund Elliott at the start of the week after having multiple offers rejected. Overall, the Food Retail sector rose by 0.6% last week, outperforming the General Retail sector which fell by 0.9%.

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