Metro Brands is losing its mojo, but its stock remains richly valued
Metro Brands Ltd continues to tread on shaky ground. The footwear retailer’s June quarter (Q1FY25) results were once again full of challenges, with the company caught between aggressive expansion and weakening demand. Unsurprisingly, it’s paring down its own expectations, cutting FY25 revenue growth guidance from 15-18% to 12-15%. Despite adding 17 new stores in Q1…