MC reports online sales surge offsets offline declines, revenue rises
MC says sales and gross profit rose 6.0% and 5.8% year-over-year, with online sales up 61.8% YoY to 26% of total, offsetting offline declines and supporting revenue growth. EBIT and NPAT fell on higher SG&A.
Sales and gross profit grew 6.0% and 5.8% year-over-year, driven by a 61.8% surge in online sales, now 26% of total.
EBIT and NPAT declined due to higher SG&A, but strong cash reserves and zero debt support resilience.
Strategic focus includes online expansion and new youth brands.Original document…