Reliance turns up the flow
Switzer Daily 28 January 2021 Plumbing and heating supplies group Reliance Worldwide (RWC) is the latest company to announce an upbeat earnings surprise. It follows companies such as JB Hi-Fi, Super Retail Group, Michael Hill, Premier Investments, Bapcor, Nick Scali and Accent Group issuing buoyant sales and earnings updates. Late January is known as the “confession season”, a time when companies tell the market and broker analysts that their earnings forecasts are wrong (in other words, the company is going to underperform or outperform). Once audited, detailed financial results will be...
Source: switzer.com.au
