Sales recovery, margin expansion mark Q3 revival for retail major Trent

Topics Trent | Trent Ltd | Compass

The pace of recovery and margin expansion for retail major Trent in the December quarter got a thumbs up from the Street. The Trent stock was up 3 per cent in trade on Friday on expectations that Q3 performance will gather momentum in the March quarter leading to lower losses for FY21 than predicted earlier.   The key takeaway was the sharp recovery in revenues driven by both physical retail as well as digital format. Sales, which were down 45-87 per cent in the last two quarters, recovered posting a 17 per cent decline in the December quarter.   Easing of lockdown restri.....

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