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Endeavour Group’s net profit drops despite top-line growth

Inside Retail

Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but net profit was down as the group previously expected. However, net profit after tax slid 3.6 per cent to $351 million, impacted by higher finance costs and in line with previous guidance.

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Latitude Group rescinds buyout offer for Humm’s BNPL business

Inside Retail

BNPL firms have seen their market value shrink rapidly as interest rate hikes to tame rising inflation fuelled concerns about a slowdown in consumer finance. Shares of Block Inc, previously known as Square, have lost over half of their value after the company closed the acquisition of Afterpay for $29 billion earlier this year.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5

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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. The company has reportedly set a target to grow revenue by 40% this year, which will be propelled, at least in part, by an expansion of its EMEA business.

Planning 211
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12 Accounting Mistakes New Business Owners Often Make

Small Biz Trends

. “Pay attention to actual profit and cash flow. net profit to the company can be very different from revenue coming in the door.” If you’re unsure how something should be classified, it may be time to call a professional accountant to help keep your finances on track.”

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Margin vs Markup. What is the Difference?

Retail Bound

To run a profitable business, a company must sell its products or services at a high-enough price to cover both its variable and fixed costs. Once those dynamics are established, you can analyze price setting through the lens of profit margins and markups. If the business makes more than it spends, it is a net profit.

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What is an Income Statement?

Small Biz Trends

They Indicate Profitability. These statements provide a good picture of a company’s profitability. Take expenses and subtract revenues to get net profit for a reporting period. The Help With Financing. Potential lenders look at business activities like balance sheets and income statements. Net Income.