Metcash Ltd
MTS: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| J.J | LOCK|cT | LOCK|H%rcKN% |
Metcash: Cyclical Hardware Segment Suffering from Depressed Housing Market
Construction activity is softening. In the past six weeks since its annual general meeting, the sales momentum of Metcash's relatively high-margin hardware retail business deteriorated further. Although the segments labor costs are also declining, this is only partially offsetting the sales decline.
