Shaver Shop is likely to meet its prospectus forecasts after all, with the retailer confirming it expects full-year earnings near the top of its $13.7 million to $15 million guidance.
The company, which listed on the ASX in July 2016, originally forecast earnings of $14.7 million for the year, but trimmed this by about 18 per cent in February because of volatility in same store sales.
The specialty retailer then upgraded its guidance on April 20 on the back of customers snapping up products for resale in Asia, and said on Wednesday it has experienced similarly strong business since that trading update.
The company has also boosted its store network in NSW, with the settlement of the Bondi Junction and McCarthur Square franchise store acquisitions proceeding as planned.
It announced the acquisitions from franchisees in April, taking the total number of franchise buybacks to seven in the current financial year.
The company currently operates a total network of 108 stores across Australia and New Zealand, and plans to open 10 to 15 new stores per year through 2018/19, it said in a separate presentation.
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