Australia's Premier Investments falls as brokers flag earnings concerns
25/09/2026 05:59
BUZZ-Australia's Premier Investments falls as brokers flag earnings concerns ** Premier Investments PMV.AX falls as much as 3% to A$11.59
** On Thursday, retailer posted FY26 EBIT in line with its guidance
** Morningstar (cuts PT by 3% to A$15.5) says FY26 underlying retail EBIT fell 10% on 2% lower sales
** UBS ("Buy", A$16.5) said FY NPAT fell short of expectations, dragged by high effective tax rate of 47% in H2
** Downgrades FY27 and FY28 underlying EBIT forecasts by 1.3% and 1.7% on lower expected sales
** Citi ("Neutral", A$13.3) expects gross profit margins to remain flat in FY27, cost-of-goods benefits from favourable currency movements offset by discounts as consumers face higher rates and fuel prices
** YTD, PMV down about 15%
($1 = 1.4259 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
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