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Thunderful Group: Q1’22 – Initial take - Redeye

Redeye comments on Thunderful Group's Q1'22 report. As expected, Thunderful delivered a modest quarter. Net sales were 7% above our estimates, and Adj EBITA was 10% below. The deviations stem from weaker profitability levels than expected in the distribution units.

Redeye comments on Thunderful Group's Q1'22 report. As expected, Thunderful delivered a modest quarter. Net sales were 7% above our estimates, and Adj EBITA was 10% below. The deviations stem from weaker profitability levels than expected in the distribution units.
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