NZ's a2 Milk cuts FY26 profit outlook on product shortfall, macroeconomic risks
12/04/2026 21:55
April 13 (Reuters) - New Zealand's a2 Milk ATM.NZ cut its fiscal 2026 profit guidance on Monday, citing a range of uncertainties, including shortfalls of China label IMF product at distributors and retailers, as well as challenging macroeconomic conditions. The dairy producer said it now expects full‑year net profit after tax to be below or broadly in line with the NZ$202.9 million ($117.52 million) reported a year earlier, compared with its previous forecast for higher earnings. ($1 = 1.7265 New Zealand dollars) (Reporting by Shruti Agarwal in Bengaluru; Editing by Chris Reese) ((Shruti.Agarwal@thomsonreuters.com;))
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