Best & Less eyes best day in nearly 7 months on robust sales

Best & Less group

21/02/2023 24:48

** Shares of Australian apparel speciality retailer Best &
Less Group Holdings  BST.AX  soar as much as 10.8% to A$1.855,
on track for their biggest pct gain since August 2022
    ** In seven weeks of trading, total group sales are up 3.8%
from a year ago - co urn:newsml:reuters.com:*:nFWN35021J
    ** Co adds like-for-like store sales are up 7.0% over prior
corresponding period 
    ** Consumer shopping behaviour continues to normalise
towards pre-pandemic levels, co says 
    ** Posts HY sales revenue of A$324.8 million ($224.63
million), up 13% y-o-y
    ** Shares hit their highest since Feb. 9 
    ** Stock down 11.4% this year, as of last close, vs a 4.4%
increase in the benchmark S&P/ASX 200 index  .AXJO  
($1 = 1.4459 Australian dollars)
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))