A capital-light consumer staple in disguise deserves a higher multiple.
nice piece, we pitched NATH last year and I'm personally long. You allude to it a bit, but I think biggest risk is consumers trading down. Hasn't really played out though, with licensing revenue doing well against really tough compares.
Thanks for the feedback. Agreed that's one of the main risks. Private label brands continue to gain marketshare in several categories.
any thoughts on A&W here? solid brand in Canada.
nice piece, we pitched NATH last year and I'm personally long. You allude to it a bit, but I think biggest risk is consumers trading down. Hasn't really played out though, with licensing revenue doing well against really tough compares.
Thanks for the feedback. Agreed that's one of the main risks. Private label brands continue to gain marketshare in several categories.
any thoughts on A&W here? solid brand in Canada.