Australia's Best & Less flags tough HY forecast, shares drop

Best & Less group

16/11/2021 24:58

** Shares of Best & Less Group Holdings Ltd  BST.AX  fall as
much as 3.1% to A$3.390, their lowest since Oct 26
    ** The clothes retailer says it does not expect to achieve
its forecasts for H1 FY22 for revenue, EBITDA and NPAT on
COVID-related disruptions, lockdowns and government-mandated
retail closures  urn:newsml:reuters.com:*:nASXSpnfK
    ** Co, however, expects to achieve its forecasts for CY21 on
EBITDA and NPAT
    ** Mt Druitt and Toormina stores remain closed due to storm
damage - BST
    ** Stock on track for its fifth straight session of losses
    ** Stock up 45.8% this year, since its IPO debut on July 26

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))