MWG - Firing on all cylinders in 2016 - Earnings Flash
MWG posted revenue growth of 77% and NPAT growth of 47% in FY16 vs FY15. These results were driven by red-hot store openings, doubling online sales and double-digit SSSG. We are awaiting further information from the company regarding revenue breakdown, year-end store counts and other details. Overall, MWG is tracking well with our expectation, therefore, we reiterate our BUY recommendation.