The Reject Shop: not a reject after all
Discount retail chain The Reject Shop (ASX: TRS) announced on Wednesday a 43% jump in net profit from continuing operations to $18.3 million, beating consensus forecasts of about $13 million and exceeding analysts' full-year forecasts of about $17 million. The company said the solid financial performance reflects the ongoing improvements to customer offers, product selection, pricing, promotions and improving execution in store. Shares in TRS closed up 36.8% for the week. We own TRS in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...