Global Blue Group Holding (GB) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Global Blue Group Holding has reported a significant acceleration in Tax Free Shopping recovery, with May 2024 seeing a surge to 172% of 2019’s figures, outpacing April’s 153% and Q1’s 140%. The recovery was particularly strong in Japan, driven by a weaker Yen, which attracted Mainland Chinese shoppers, and Continental Europe also saw robust growth. This positive trend is reflected in the year-on-year like-for-like sales growth, which climbed by 47% in May 2024.
For further insights into GB stock, check out TipRanks’ Stock Analysis page.