Australia's Breville jumps on upbeat first-half outlook

Breville

06/11/2025 24:38

** Shares of Breville Group BRG.AX rise as much as 7.3% to A$31.57, posting their biggest intraday percentage gain since May 13

** Kitchen appliance maker says new products and new markets performing well so far into 1H26

** Co reiterates its target of 80% of gross profit for U.S. products to be outside China by end of 1H FY26

** Citi says co's manufacturing transition outside China appears on track

** "Today's AGM update had reassuring comments on top-line trends," says Citi

** Stock fourth-biggest percentage gainer in the benchmark S&P/ASX 200 index .AXJO

** Shares hit their highest level since September 26

** Stock currently up 3.9% at A$30.575, on track for a second straight day of gains

** Stock down 16.82% this year, including the day's move

($1 = 1.5389 Australian dollars)

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com))