Australia's Schoolblazer Group hits 6-year low on annual revenue outlook downgrade
BUZZ-Australia's Schoolblazer Group hits 6-year low on annual revenue outlook downgrade ** Shares of Schoolblazer Ltd SBZ.AX drop 15.2% to A$0.14, their lowest level since August 28, 2020
** School uniform supplier downgrades FY26 revenue outlook to be between A$165 mln and A$170 mln ($117.60 mln and $121.16 mln), lower than its previous forecast of A$190 mln
** Co says its wholesale channels were hit as regulatory changes in the UK limited number of branded uniforms sold
** SBZ forecasts FY27 revenue between A$170 mln and A$180 mln, underlying EBITDA of A$18 mln to A$20 mln
** Co expected to release FY26 results in late November
** About 413,613 shares traded so far, 1.3x 30-day average volume
** Stock down 36.4% this year, including day's move
($1 = 1.4031 Australian dollars)
(Reporting by Rudrannsh Mehra in Bengaluru)