A flick through ASX small-cap stocks from retail space

October 10, 2022 04:15 PM AEDT | By Aditi Sarkar
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Highlights

  • Retail is an important aspect of the daily life of modern people.
  • Many retail businesses have been moving towards digital platforms amid changing consumer preference.

The sale of goods and services to the ultimate consumer is known as retail business. The retail industry supports the country’s economy and creates additional workplaces.

Against this backdrop, we at Kalkine Media® will discuss some of the ASX-listed small-cap stocks operating in the retail space.

My Foodie Box Limited (ASX:MBX)

The food technology and logistics business ended FY22 with a 56% increase in active subscriber base (Dec21 to Jun22). Despite COVID-19 constraints, the company maintained its operations and boosted its local brand presence.

The company has laid out the following key developments for the upcoming period:

  • Launch of the Thermomix® Box in October 2022
  • Expansion into Sydney in December this year via its Christmas Box
  • Roll out of the new version 4 e-commerce platform together with an app

Last month in September, the company partnered with Wide Open Agriculture. Under the partnership formalised by My Foodie Box and Dirty Clean Food, these companies will develop an exclusive variety of ready-to-eat product lines. These are planned to include the first commercial products featuring Dirty Clean Food’s Buntine Protein™. The companies have also decided to work together to expand into the Eastern States.

Story-i Limited (ASX:SRY)

Story-i Limited operates through its Indonesian subsidiary, PT Inetindo Infocom, an Apple premium reseller and IT lifestyle product retailer.

The company witnessed a 59.1% increase in revenue to AU$26.04 million in the second half of FY22. Overall, its FY22 revenue stood at AU$42.41 million, 1.2% higher than FY21.

The company’s gross operating margins increased from 14.3% to 14.6%. The company attributes this growth to the contribution from service and maintenance as well as improvement in online sales.

Design Milk Co Limited (ASX:DMC)

According to the company, FY22 was a challenging year. However, the digital media and eCommerce company reported a total revenue of US$1.5 million, up 11% in FY21. Similarly, its advertising revenue jumped by 26% in the year to 30 June 2022.

After assessing various strategic options, the company has decided to shut down its eCommerce operations and refocus on the advertising revenue only model.

Booktopia Group Limited (ASX:BKG)

Booktopia is an online book retailer based in Australia. The company’s business is supported by factors including in-house technology expertise, customer-centric focus, stock availability and fast delivery times and specialist online marketing knowledge.

Earlier, the COVID-19 pandemic created a positive business environment for the group. It witnessed substantial growth in online retailing, where customer demand rose considerably during lockdowns and sustained increased demand even after restrictions were relaxed.

During FY22, the company’s EBITD went down by 73.4%, and its earnings per share declined by 22.4%. The group reported a net loss after tax of over AU$15 million.

Mad Paws Holdings Limited (ASX:MPA)

Mad Paws specialises in pet related needs. The company offers a secure and convenient digital platform connecting pet owners with high-quality services and products.

Following are the FY22 highlights of the company:

  • 101% surge in bookings/transactions
  • 115% jump in GMV to AU$27.1 million
  • 251% increase in group operating revenue to AU$10 million
  • Entered the pet health and curated eCommerce markets
  • Improvements in marketing and operating cost efficiency

Joyce Corporation Ltd (ASX:JYC)

Joyce Corporation states that it helps quality small-to-medium Australian businesses unlock their growth potential. Below are some of the major highlights from FY22 of the group.

  • 16% growth in revenue and maintained strong margins in challenging operating conditions.
  • Reported AU$9.1 million Net Profit after Tax (NPAT) to shareholders
  • Fully franked final dividend of 18 cents

Adore Beauty Group Limited (ASX:ABY)

Adore Beauty is an online beauty and personal care business. According to the company’s FY22 reports, its investments in strategic priorities are driving strong growth for the company.

Below are the FY22 highlights.

  • Revenue stood at AU$200 million, 28% 2-year CAGR and 11% increase over FY21.
  • Launched its first owned skincare brand, Viviology.
  • Onboarded 29 new brands
  • Hosted 16 virtual loyalty events
  • Mobile app contributed 11.3% of revenue and scaling
  • Active customers stood at 872K, 22% 2-year CAGR and 7% up from FY21.

MotorCycle Holdings Ltd (ASX:MTO)

MotorCycle Holdings Ltd recently acquired Mojo Motorcycles Pty Ltd and Mojo Electric Vehicles Pty Ltd (MOJO). The transaction is valued at up to AU$60 million. The acquisition lifted FY22 revenues of MTO by more than 27% to almost AU$580 million.

Following are the financial highlights for FY22

  • 7% rise in revenue to AU$462.6 million
  • 3% increase in gross profit to AU$132.4 million
  • Gross profit margin stood at 29%
  • Underlying EBITDA went down by 4% to AU$37 million

Best & Less Group Holdings Ltd (ASX:BST)

Best & Less Group specialises in value apparel retail business. Following are the operational and financial highlights of the company for FY22:

  • Established sourcing and tracing of Australian Cotton with FY23 volume commitments
  • Implemented Product Lifecycle Management (PLM) system
  • Strong sales momentum in Q4
  • Revenue stood at AU$622.2 million with online sales up 15.6% year-on-year
  • 1% gross margin
  • EBITDA of AU$62.5 million
  • EBITDA margin of 10%
  • AU$41.1 million of Net Profit after Tax
  • Dividend of 12¢ per share

City Chic Collective Ltd (ASX: CCX)

City Chic specialises in a global collective of plus-size brands. The company’s brands include Avenue, City Chic, Evans, Hips and Curves Body and Navabi. Following are the FY22 highlights of the ASX-listed multi-channel fashion retailer company.

  • Sales stood at AU$369.2 million, a CAGR of 35.2% since FY19.
  • Earnings growth (Underlying EBITDA) was AU$47.1 million, a CAGR of 23.7% since FY19.
  • Global customer base of 1.4 million, a CAGR of 53.6% since FY19.
  • Expansion into new growth markets in Canada, Europe, and the Middle East

 


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