Stores Specialists Inc. Group Inc.
nadrawing lang ang chart
cash is king ... ako ang alas (bawal tularan ... nakamamatay)
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Hi Classmates! New here today - at tamang mama sa pagbaba! Hehe! But na lang may MCP at ICT para ok pa in port.
Ad majorem Dei gloriam
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all in na..nutnutnut
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nice volume! Big GrinBig GrinBig Grin
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volume please! Big GrinBig GrinBig Grin
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Babalikan kita. Pero fastest horse muna trend now.

Spread out and multiply.
Spread your portfolio and let them multiply.
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...meron din buyback program si CALdemort eh, kaya lang bading Big Grin

SSI sets P200M share buyback

Specialty retailer SSSI Group has earmarked P200 million to buy back shares from the open market amid a downturn in share prices.

The budget for the buyback program was approved by SSI’s board, the retailer disclosed to the Philippine Stock Exchange on Wednesday.

“Management believes its shares are currently undervalued and that the buy back program will help to enhance shareholder value,” the disclosure said.

SSI is currently valued by the stock market at around P7.6 billion.

The company’s brand portfolio can be classified into five categories, namely: luxury and bridge; casual; fast fashion; footwear, accessories and luggage; and others. These include home furnishing and accessories, interior design items, food, and personal care. SSI represents over a hundred brands, including ”Hermes”; “Gucci”; “Salvatore Ferragamo”; “Zara”; “Bershka”; “Stradivarius”; “Old Navy”; “Lacoste”; “GAP”; “TWG”; “SaladStop!”; “Samsonite”; “Payless ShoeSource”; “Muji”; “Pottery Barn”; and “FamilyMart”.


source: http://business.inquirer.net/229211/ssi-...re-buyback


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Minuscule amount considering their market capitalization...


P.D. --- pumulot ako nito bago pa nailabas ang disclosure tungkol sa share buyback...
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8-15

...ok Tongue

Robust sales boost SSI bottom line in Q2

EARNINGS of SSI Group, Inc. increased by 8% during the second quarter, fueled by a 13% growth in same-store sales.

In a regulatory filing, the listed specialty store retailer said its second quarter net income went up to P150.4 million year-on-year as strong sales growth and rationalized expenses helped offset the effects of a weaker peso.

This brought its first half net income 3% higher to P283.3 million.

Revenues increased by 14% to P4.67 billion during the April to June period, and by 11% to P9.3 billion for the first six months of 2018.

SSI said its same-store sales growth (SSSG) stood at 13.4% and 11.6% during the second quarter and the first half, respectively.

“SSI experienced robust growth in net sales during the first half of the year driven by strong consumer demand. This is reflected in the very strong performances of the Group’s brands under the luxury, bridge, and casual categories. This is despite the fact that the Group’s total selling space decreased by 7.4%,” the company said.

As of end-June, its store network stood at 616 covering 124,333 square meters, versus 665 stores covering 133,816 sq.m. a year ago. During the April to June period, SSI Group opened four stores and closed 14 stores.

Fast fashion accounted for the bulk of SSI’s first-half sales at P3.33 billion, up 5% year-on-year. This was followed by luxury & bridge lines at P2.23 billion, surging 24%.

SSI’s portfolio had 100 brands as of end-June, including Prada, Gucci, Zara, Gap, Old Navy, Burberry, Marks & Spencer, Lacoste, Muji and Payless.

Operating expenses rose 2% to P1.74 billion during the second quarter, bringing the first-half figure to P3.45 billion, up 0.7%.

“Operating expenses as a percentage of net sales significantly improved to 37.3% as compared to 40.9% in 2017. Operating expenses increased at a slower rate than sales as the Group continued to benefit from its store rationalization program and from its focus on maximizing scale and improving cost efficiencies,” SSI said.

SSI expects sales to peak during the fourth quarter, as consumers shop more ahead of the Christmas and New Year holidays.

“We saw double digit same store sales growth during the 2nd quarter of the year as our brand portfolio and store network continued to benefit from resilient mid and high end discretionary spending and we expect that margins will continue to firm up as the year progresses,” Anthony T. Huang, SSI Group president, was quoted as saying in a separate statement.

SSI is planning to open e-commerce sites for the brands Lush, Dune and Aeropostale as well as re-launch its marketplace ssilife.com.ph within the second half. 


source: http://www.bworldonline.com/robust-sales...ine-in-q2/


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11-15

...doing good, keep it up SSI Smile

Strong sales lift SSI’s bottom line in Q3

SSI GROUP, Inc. grew its profit by a fourth in the July to September period, boosted by higher sales across its brands.

In a regulatory filing, the specialty store retailer reported a net income of P84.77 million in the third quarter of 2018, against P67.7 million in the same period a year ago. This brought nine-month earnings 8% higher to P368.05 million.

Net sales for the quarter ending September reached P4.53 billion, 10% higher year-on-year, for a total of P13.79 billion from January to September. This marks an 11% growth from the same period a year ago, despite a 7.6% annual drop in total selling area.

SSI attributed the robust sales growth to “strong consumer demand coupled with selective price increases.”

During the nine-month period, fast fashion sales went up 3% to P4.74 billion, while luxury and bridge brands generated 27% higher sales at P3.5 billion. SSI’s fast fashion brands include Zara and Bershka, while its luxury lines include Prada, Burberry and Tod’s.

SSI’s same-store sales growth stood at 12.9% in the third quarter, and accelerated to 12% in the first nine months of the year.

“The Group posted strong third quarter results driven by resilient mid and high end discretionary spending as well as by the firming up of gross profit margins,” SSI President Anthony T. Huang said in a statement.

The company operates a network consisting of 95 brands, including international luxury brands Hermes, Gucci, and Salvatore Ferragamo, among others.

“Within a more volatile macro economic environment the Group continues to benefit from the strength of its brand portfolio and its store network and from the work that we have put into optimizing our expense base,” Mr. Huang said.


source: https://www.bworldonline.com/strong-sale...ine-in-q3/


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