Australia's Metcash tracks best day since December 2020 on strong revenue forecast

Metcash

11/05/2026 02:04

** Shares of Australia's Metcash MTS.AX rise as much as 10.6% to A$3.03, post their biggest intraday gain since early December 2020

** Wholesaler expects annual group revenue of A$19.6 billion ($14.19 billion), higher than A$17.3 billion reported last year

** Says no material impact on FY26 earnings from increased freight costs or product costs

** Co expects at least A$25 million annualised savings in FY27

** MTS down 10% YTD

($1 = 1.3814 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))