Shares in Adairs Ltd (ASX: ADH) went absolutely gangbusters today.
It was up a ridiculous 16% at the time of writing after the company announced a further upgrade to its FY 18 guidance. The company stated that it has delivered year-to-date like-for-like sales growth of 16% with online sales up 99%.
The company also expects gross margins of 60% – 61% and EBIT of $44 million – $46.5 million.
Adairs has been tipped by top broker UBS as one of the best value small cap stocks out there and its well on its way to out performing other retailers Harvey Norman Holdings Limited (ASX: HVN), JB Hi-Fi Limited (ASX: JBH) and Nick Scali Limited (ASX: NCK).
I agree with UBS, I'd rather have my money in a nimble high growth small cap like Adairs but even better, I'd love to have my money invested in these three revolutionary stocks.
