New Zealand's a2 Milk faces worst week in 20 months on profit forecast cut

A2 Milk

17/04/2026 05:22

** Shares of New Zealand's a2 Milk ATM.NZ poised for a weekly loss of ~18%, their biggest drop since August 2024

** Stock falls as much as 0.9% to NZ$9.15 on the day

** Shares of dairy producer plunged more than 12% on Monday after co cut its fiscal 2026 profit guidance

** Co expects FY2026 NPAT to be broadly in line or below NZ$202.9 mln ($119.37 mln) reported in FY2025

** Cuts FY revenue growth guidance to low- to mid-double-digit range from a mid-double-digit outlook

** Says temporary supply chain disruptions have constrained availability of its China-label infant milk formula in the fourth quarter, mainly in April and May

** Stock down 14.6% YTD

($1 = 1.6998 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))