Australia's Brambles faces biggest weekly drop in 17 years on profit forecast cut

Brambles

22/05/2026 02:44

** Shares of Brambles BXB.AX down 0.5% at A$16.88

** Stock has fallen 23.6% so far this week, on track for biggest weekly drop since early 2009

** Logistics group on Wednesday cut its FY26 underlying profit growth forecast on constant-currency basis to 3%-5% from 8%-11% previously expected

** Cited repair-capacity constraints in the U.S. due to labour shortages, others

** BXB down 26.5% YTD, including day's moves

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))