True, but I for one am happy with the results and management are not concerned about the new legislation China put forward....
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pe still high dont you think if growth to slow down a little?
regulatory in china is still uncertain until it happens
when they going to give up on the uk?
i like that they are doubling down on increased marketing etc got plenty of cash they can use will need it for usa market
Well, that's a bit ho hum. Kind of business as usual. No mention of relieving supply constraints. $368m revenue a quarter (thats a bit off hyped expectations) is as good as its going to get. No mention of how those great profits are going to be applied. Other than China no mention of growth in other markets.
Seems they do have some secret squirrel plans under way on how the future will unfold. But its a long time between milky drink if we have to wait till end of financial year. Suggest it could be huge - given they seem to be stockpiling a large war chest of cash.
Agree with most of your points there Bull. But if growth slows, it is off a higher base. if it dropped to 20%, it is still another $50m+ to the bottom line.
China is China, and I think will usually have uncertainties, no matter what. The business I work in is China focused, and regulation and market access are by far the biggest issues.
No debt and brand is a huge thing when the followers are coming - so makes sense to invest in brand and marketing.
I was hoping for more revenue growth but good to see the Chinese label sales growth up 75% and 11/11 event sales tripling. It seems to me they could be growing a lot faster if they had more IF supply, hope there are lots of questions about this at the meeting.