Edison Investment Research Limited
London, UK, 24 June 2020
Edison issues flash on Studio Retail Group (STU)
Studio's online and value-based offer produced strong trading during lockdown, with 55% y-o-y product sales growth in the first 11 weeks, which compares very favourably with its online peers. It looks well placed, with tight stock management, as the high street re-commences trading, which is likely to be very competitive. Due to the ongoing uncertainty from COVID-19 and the timing of the Education sale, management is unable to provide guidance for FY21e.
Due to the ongoing uncertainty from COVID-19, management is still unable to provide guidance for FY21. The results for FY20 will likely be published in the second half of August.
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