Core brewing performance can rebound in FY24 after disappointing in FY23. Key will be reigning in controllable costs (like sales & marketing) with hoped-for better pricing a possible sweetener. Brand volume growth has been impressive; the challenge is finding the right cost base to support this while delivering earnings today. Meanwhile the $4.9M cash sale of gaming licenses is welcome given the increase in debt and upcoming capex.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.