OM:RUSTAMultiline Retail
Rusta (OM:RUSTA) Stock Catches Profit Lift As Margins Keep Improving
Rusta walked into this earnings day with a stock that had drifted lower, down about 4% over the past month, and yet carrying a premium P/E of 22.1x. The quarter just reported backs some of that confidence. Q1 revenue reached SEK 3,489m and net income landed at SEK 216m, giving a trailing net margin of 4.4% compared with 4.0% a year earlier. For a discount retailer that competes on price, that extra profitability is the headline. The share price reaction now has to catch up with the fact that...