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Reject Shop Limited ( (AU:TRS) ) just unveiled an update.
The Reject Shop Limited reported strong financial results for the first half of FY25, with a 2.9% increase in sales to $471.7 million and a 13.7% rise in EBIT post AASB 16. The company has successfully managed inflationary cost pressures and improved gross profit margins, driven by growth in both general merchandise and consumables. Additionally, the company continues its expansion strategy, having opened nine new stores and planning further openings, while maintaining a strong balance sheet with no drawn debt and $75 million in cash.
More about Reject Shop Limited
The Reject Shop Limited operates in the retail industry, focusing on providing general merchandise, seasonal ranges, and branded everyday essential items at affordable prices. The company aims to expand its market presence in Australia by continually opening new stores and improving its merchandise offerings.
YTD Price Performance: 6.21%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €66.18M
Learn more about TRS stock on TipRanks’ Stock Analysis page.
