Pent-up demand and road trips fuel ARB sales
Sue MitchellColumnist
A road trip boom triggered by international travel restrictions has underpinned record sales growth at auto parts manufacturer and retailer ARB Corp.
ARB shares jumped more than 6 per cent to a record high of $31.28 on Wednesday after the company said revenues in the September quarter rose 17.7 per cent - well ahead of market forecasts around 14 per cent, and more than double the rate of sales growth in the December half 2020.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
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