Shaver Shop same store sales growth up 8.7%

Company News

by Anna Napoli

The Shaver Shop (ASX:SSG) has announced underlying same store sales growth (excluding estimated Daigou reseller channel sales) has lifted by 8.7 per cent for the four months ended 30 April 2019, up from a 0.8 per cent increase in the same period last year.

The retailer says the increase was driven by strong overall performance in core hair removal categories and hair styling.

For the 10 months ended 30 April 2019, underlying (excluding estimated Daigou reseller channel sales) same store sales growth rose by 2.6 per cent, up from a 0.7 per cent increase  in the prior corresponding period.

The company says it's very pleased that like for like sales growth is predominantly being driven by a number of our core hair removal categories which is where its store teams excel.

Shares in The Shaver Shop (ASX:SSG) closed 3.61 per cent lower at 40 cents yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.