With a market cap of $4.28 billion and a year to date return of 15.31%, Premier Investments has been steadily gaining momentum since it was first listed on the ASX back in 1987.
You might know Premier Investments more commonly through its household counterparts: Peter Alexander, Smiggle, Jacquie E, just to name a few. The company also holds a 28% stake in electrical appliances manufacturer, Breville Group Limited.
For a company that has a strong retail focus, PMV seems to have weathered the storm that was 2020 and COVID-19. And why wouldn’t it? In a year that saw more Australians than ever working from home, we can only imagine the return that a pair of Peter Alexander easy pants and a cup of Breville heated coffee would bring.
While many of the company’s physical stores temporarily closed up shop, the online stores were a different story. Overall, the company reported record online sales of $156.7 million, up 61.3% for the first half of 2020.
So, what are we doing about it? As with everything, we’re (DYOR and) getting in now. As of the time of publication, PMV closed with a share price of $26.42.
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