Q: hi,
thoughts on earnings report? did you listen to the earnings call, and if so your thoughts? does it look like the ship is on track?
cheers, chris
thoughts on earnings report? did you listen to the earnings call, and if so your thoughts? does it look like the ship is on track?
cheers, chris
5i Research Answer:
EPS of 34c beat estimates of 32.3c. Revenue of $681M matched estimates. EBITDA of $72.5M beat by 7.6%. Revenue guidance was marginally lower than estimates but ATZ expects higher revenue on store expansions. It says the consumer environment remains 'mixed' which is what we have been seeing from other consumer-facing companies. BMO upgraded the stock this morning on the results. Overall, EPS is expected to show a very big recovery in 2024 and 25%+ growth in 2025. Investors may be a 'bit' disappointed in guidance, but it is good to see revenue growth again here (7%). We think its recovery is largely on track.