Australia's Harvey Norman tumbles to seven-month low on half-year profit miss

Harvey Norman Holdings

27/02/2026 01:30

** Shares of Australian consumer electronics retailer Harvey Norman HVN.AX fall 8.5% to A$5.790, their lowest point since August 4, 2025

** Harvey Norman marks its worst intraday fall since late June 2024

** Stock among top losers in the ASX200 benchmark index .AXJO

** About 2 million shares change hands, vs the 30-day average of 1.6 million shares

** Co posts first-half 2026 profit before tax of A$372.8 million ($264.69 million), up 20% from last year but below the Visible Alpha consensus of A$380 million

** Jefferies says co's Australian segment sales for January 2026 missed rival JB Hi-Fi's JBH.AX Australia segment sales for the same period

** YTD, stock down 15.4%, including the day's moves

($1 = 1.4085 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))