Q: Hi team,
Can you give your thoughts on the quarter?
Thanks
Can you give your thoughts on the quarter?
Thanks
5i Research Answer:
EPS of 11c beat estimates of 6c; revenue of $196.8M marginally beat estimates. Same store growth was decent at 4.1% and EBITDA rose 77%. Sales rose 72%, with most of this (95%) from acquisitions. But execution improved and the company notes better topline momentum. Store count rose from 175 to 291. SG&A costs fell to 3.5% from 4% of sales. The company has only beaten estimates three times in the past eight quarters, but this was a good result for the company, and (maybe) the stock can start to form a bottom here.