XXL (OB:XXL) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr1.84b (down 7.3% from 3Q 2023).
- Net loss: kr262.0m (loss widened by 87% from 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
XXL Revenues Disappoint
Revenue missed analyst estimates by 9.0%.
Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Europe.
Performance of the market in Norway.
The company's shares are down 77% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 4 warning signs for XXL (3 make us uncomfortable!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OB:XXL
Undervalued with reasonable growth potential.
