New Zealand's Hallenstein Glasson full-year sales rise on stronger Australian dollar, constant currency basis

Hallenstein Glasson Holdings

27/08/2026 22:20

Overview
New Zealand apparel retailer's full-year sales rose 19.6% to NZ$563 mln
Net profit before tax expected to rise about 43.5% yr/yr
Sales growth partly driven by stronger Australian dollar

Outlook
Company expects full-year net profit before tax between $83.0 mln and $84.5 mln

Result Drivers
CURRENCY IMPACT - Sales growth partly driven by stronger Australian dollar, with constant currency sales up 15.6%
INVENTORY MANAGEMENT - Stock levels continue to be well controlled, according to the company

Company press release: ID:nNZSc7ra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
 
NZ$563 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Hallenstein Glasson Holdings Ltd is NZ$12.40, about 15.3% above its August 27 closing price of NZ$10.75
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)