• (PLX AI) – Clas Ohlson shares fell 6% at the open after July sales came in much lower than expected.
  • • Organic sales decreased 7% in the month compared to a year ago, instead of rising 2% as consensus expected
  • • The company's bet on a strong season with a large stock of summer products didn't pan out, despite extensive marketing campaigns with price reductions, analysts at Kepler Cheuvreux said
  • • We believe this is a clear signal that margins will be negatively affected during the quarter, Kepler said
  • • The sales deviation in July may lead to negative revisions of the full-year consensus of 3%, although comments about increased price investments and marketing may suggest larger negative revisions, Kepler said

Quelle: PLX AI