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Consumer reporting season 1H22

Higher sales and higher costs

03 February 2022

The February 2022 reporting season for retail, food and beverages is likely to show a wide dispersion in performance amongst companies. While sales trends have been good across the board, some have converted that to earnings better than others. We expect good results from household goods retailers like Harvey Norman but are below consensus on earnings for Domino’s and Endeavour Group. We expect stocks to be influenced by trading updates for January 2022 sales and commentary about price inflation and cost pressures. The full report provides a preview of major ASX-listed retailers potential earnings results.

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