Here’s why Metcash tumbled today?

TEAM KALKINE | June 25, 2019

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Will the rate cuts have a positive impact on the sluggish performance of the hardware division of Metcash Limited (ASX: MTS)? The implementation of the rate cut would explain this with time. The hardware pillar of the company had a major customer loss in the Queensland region and a slowdown in trade sales with lower sales in ~ first two months of FY20 than PCP. Moreover, impact of the present changes in the economic conditions (related to the residential housing sector, construction and DIY activities) on the pillar cannot be predicted at the moment. Though, the company believes that there has been some improvement in the network post the federal elections.

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