Trade Idea: Mr Price
Mr Price’s clothing and financial services operations drove earnings growth in the first half, in which the homeware and sportswear operations were hit harder by the waning economy. According to their latest financial results, revenue rose 6.7% to R9.8bn, made up of R9.1bn in retail sales (up 6.4% from a year earlier).
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Presented by equity analyst, Bianca Haywood.