Australia's Shaver Shop Group eyes best day in 6 months as sales jump

Shaver Shop

09/06/2022 05:16

** Shares of Shaver Shop Group  SSG.AX  climb nearly 6% to
A$1.1, post their best intraday pct gain since November 2021
    ** Personal care products retailers says like-for-like sales
for Jan. 1 to May 31 grew 3.7%  urn:newsml:reuters.com:*:nASM000EW3
    ** Online sales rose 7.9% for the same period 
    ** Co expects FY22 total sales of A$221 mln to A$223 mln
($158.59 mln- $160.02 mln), compared with A$213.7 mln reported
in FY21
    ** Net profit after tax seen at A$16.25 mln to A$16.75 mln,
compared with A$17.5 mln reported in FY21 
    ** Stock hits highest since May 18 
    ** As of Wednesday's close, SSG down 14.6% this year
    
($1 = 1.3935 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))