Trent shares decline over 6% after Q2 results
after close1 source ↓written by the desknot a recommendation
- on 10 Nov
- 6%
- While EBITDA rose
- 26.5%
- opened
- 19 new Westside stores
- added
- 44 new Zudio stores
Shares of Trent Ltd fell over 6% on 10 Nov 2023 following its Q2 results, which showed soft revenue growth. While EBITDA rose 26.5%, profit after tax declined due to higher depreciation. Brokerages are now cautious, impacting market sentiment and sales momentum. 📉
• 19 new Westside stores opened
• 44 new Zudio stores added
Immediate market implications may arise as analysts reassess valuations.
Not investment advice. For informational purposes only.