Shavershop Sales grow 12% in 12 weeks

Company News

by Jessica Amir

Shavershop (ASX:SSG) has announced its corporate sales grew 11.9 per cent over the 12 weeks to 22 September 2017.

Despite the rise, its supply of products reduced in comparison to the first two months of the financial year.

The Australian and New Zealand grooming retailer says it’s now expecting full year FY2018 EBITDA to be between $13 and $15.5 million.

Shavershop says its bolstered sales came on the back of growth in product innovation and seasonal promotional campaigns.

The group also made significant investments in its ecommerce and omni-channel programs and made some key leadership appointments in marketing and operation.

Shares in Shavershop (ASX:SSG) are trading 21.6 per cent lower to 49 cents.

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