2 ASX consumer stocks look good now: expert

a man in casual clothes shows up from his front door with a phone and wearing a backpack with a wide smile on his face.

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Australia’s two largest cities are gradually coming out of months-long COVID-19 lockdowns.

Millions of people trickle back to the shops and use the money they have saved up not to go anywhere over the winter.

So which consumer goods ASX stocks are in pole position to take advantage of?

Marcus Today portfolio manager Thomas Wegner has a few ideas:

Buy these ASX shares to take a comfortable seat

Shares for furniture dealers Nick Scali Limited (ASX: NCK) has risen by an eye-opening 36.7% since the beginning of October.

They got a nice boost last month when the company revealed its intentions to buy up a sofa retailer Plush for $ 103 million.

Wegner likes the direction Nick Scali is heading.

“October trading was lively after New South Wales opened,” he said Taurus.

“We expect the same thing to happen in Victoria when it opens completely.”

For the fiscal year 2021, Nick Scali boasted a 100% increase in the underlying net profit after tax to reach $ 84.2 million.

“September quarterly revenue for fiscal year 2022 was in line with last year, which we commend due to shutdowns and shipping delays.”

The company also provides a practical dividend of more than 4%.

The stock has risen 75 times since listing

Stocks for manufacturer of accessories for recreational vehicles ARB Corporation Limited (ASX: ARB) has been a favorite among long-term investors.

Earlier this year, Celeste Funds Management analyst Eric Nguyen pointed out that his fund had made 13 times its investment, and overall, ARB shares have multiplied 70 times since the ASX listing.

As of Tuesday’s close, ARB shares have risen 75.7 times their floating price in 1987.

But the stock has also performed quite well in the short term. The ARB share has risen 60% since the beginning of the year.

“This 4-wheel drive accessory business continues to perform despite locking restrictions,” Wegner said.

“It had good sales and earnings growth in the September quarter and we expect this to continue in the first half of the financial year 2022.”

He added that the order book “remains strong” both in Australia and abroad.

“The company continues with its product and store development program in Australia in the midst of expanding its production capacity.”

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