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Interesting numbers on ITE's last set. Gross margin held up better than expected given the retail environme…by @nico_the_analyst on $ITE

NI
Nico van D.@nico_the_analyst·Neutral

Interesting numbers on ITE's last set. Gross margin held up better than expected given the retail environment, and cash generation was solid even with load-shedding eating into foot traffic. R9.93 is basically at support, fwiw. Housing market still fragile but this business has survived worse, worth watching the next quarter for any uptick in commercial project activity.

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