ASX:SSGSpecialty Retail
Shaver Shop (ASX:SSG) Shares Reflect Record Sales But Flat Profit
Shaver Shop Group went into this result priced like a value play, with the stock at A$1.41 and a P/E of 12.5x that sat below peer and industry averages. The headline from the numbers is not a growth surge. It is a tension between record sales of A$225.1m and record gross margin of 46.3% on one side and essentially flat net profit after tax of A$14.8m on the other.
That mix sets up a classic sentiment test. Traders focused only on headline records might cheer, while investors watching a 90%...