Rebel Sport H1: $5M Loyalty Hit
Rebel Sport's H1 results include a $5M provision for loyalty credits, affecting PBT margin by 70 basis points. Total yearly provision estimated at $8M.
February 25, 2024
Simon Rowles
Founder, CEO
Rebel Sport's financial outcomes for the first half reflected a $5 million provision due to deferred revenue associated with loyalty credits offered to consumers. The anticipated total provision for the entire year is around $8 million.
The introduction of the new loyalty program negatively influenced the PBT margin by 70 basis points during the first half.
