MWG - Store expansion ahead of expectation - Analyst Meeting Note
  • 2019-08-09T20:02:00
  • Company Research
We attended MWG’s store visit tour and analyst meeting over the last two days. Overall, the key takeaways reinforce our bullish view on MWG. We see potential upside to our current forecasts, pending a fuller review, especially regarding store expansion of DMX (consumer electronics chain) and BHX (minimart chain), BHX’s sales per store as well as a revenue contribution from new categories such as watches and sunglasses.