Australia's Shaver Shop falls after 4-month results

Shaver Shop

09/11/2023 03:04

** Shares of Australia's Shaver Shop  SSG.AX  fall as much
as ~3.4% to A$1.005, biggest intraday pct dip since Oct. 23
    ** Stock at its lowest level since Oct. 31
    ** The personal care products manufacturer posts results for
first 4 months of FY24, from July 1 to Oct. 31
    ** Says total sales down 5.3% for vs 14.2% a yr ago
    ** Adds like-for-like store sales down 5.4% 
    ** Expects capital expenditure to be A$3.5 mln to A$4 mln
($2.24 mln-2.56 mln) in FY24 
    ** Stock down 10.7% YTD, as of last close


($1 = 1.5610 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))