Australia's Premier Investments jumps as Citi backs in-line earnings
BUZZ-Australia's Premier Investments jumps as Citi backs in-line earnings Updates
** Shares of Premier Investments PMV.AX rise as much as 9.4% to A$12.210, their biggest intraday gain since January 22
** Shares hit highest level since August 7
** Co's retail unit posts FY26 EBIT of A$175.9 million ($123.71 million), in line with its guidance
** Citi says trading update "appears broadly in-line with VA consensus 1H27 estimates"
** Brokerage adds investors are likely to welcome Premier's 36 Australian cents-per-share final dividend, which came in ahead of Citi estimates
** Citi also notes stronger-than-expected sales at Premier's most profitable brand, Peter Alexander
** The broker does not expect material consensus earnings revisions following the update
** YTD, PMV down 15.1%
($1 = 1.4219 Australian dollars)
(Reporting by Nichiket Sunil & Paridhi Minda in Bengaluru)
((Nichiket.Sunil@thomsonreuters.commailto:Paridhi.minda@thomsonreuters.com))
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