Hi…
I dont think that we should read too much into the bottomline for q1.
When negetive operating levrage kicks in, plummeting of profits is a natural consequence ( and vice versa if positive operating leverage kicks in ).
Lets just give it to them. They could not sell anything for the entire Apr. May was also truncated.
Q2 should be a far better reflection of company’s strengths or the lack of it.
Disc: invested.
Views may be biased.