by Gerhard Engelbrecht | Jan 27, 2022 | Retail
Key message: Revenue growth in line with FY22E forecasts. Debtor costs improve considerably. No changes to HEPS outlook. Lewis announced a strong trading update for the nine months to December 2021 – merchandise sales grew by 12.7% compared to the same period the...
by Gerhard Engelbrecht | Dec 6, 2021 | Retail
Lewis Group has undergone significant positive change in six years as it transforms back to a retail revenue driven business, instead of financial services. Of its revenue earned in FY14, we estimate 58% was from financial services – in FY21 its 45%. Credit sales now...
