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interesting numbers on the last set, gross margin held up better than i expected given the rand pressure. f…by @nico_the_analyst on $BOX

NI
Nico van D.@nico_the_analyst·Neutral

interesting numbers on the last set, gross margin held up better than i expected given the rand pressure. fwiw the store count is still growing which suggests management thinks theres room in the market, but the real question is whether foot traffic actually justifies the capex when you look at the comps retailers are running. could be wrong but if they can keep costs flat through next year theres a decent floor here around the mid 70s.

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