Originally Posted by
jg8512
It is worth noting too that when BGP released its Q1 sales, it said Q2 wouldn't see as large an increase as Q1 did, and it had a big warning about how the boon times couldn't continue. TO quote Q1 release:
"Despite the Group's strong start to the year we are acutely aware of the
possible pressure on consumer spending with the gradual reopening of the
country's borders. It's widely recognised that some of the increased retail
spend experienced during the last twelve months has been a reallocation of
spend which would otherwise have been used for international travel. Whilst
we do not expect to deliver the same significant increase in sales for the
second quarter as achieved in this first quarter, we are confident that sales
for the half-year will be comfortably ahead of the $292.4 million reported
for the first half of last year."
That conservative line wasn't repeated as strongly in the Q2 release - but BGP didn't release a forecast (yet).
Good retailers going very very very well for a bit yet it seems!