Australia's Super Retail hits 3-year low on flat LFL sales on Mideast impact

SUPER RETAIL

07/05/2026 01:47

** Super Retail SUL.AX slumps up to 13.55% to A$10.08, plumbing a near three‑year low and marking its sharpest intraday fall since February 20, 2025

** Automotive parts retailer's stock is on track for a fourth straight decline, ranking among the day’s worst performers even as the ASX200 climbs 1% and consumer discretionary trades flat

** Automotive parts retailer posts a 0.4% rise in H2 FY26-to-date group like‑for‑like sales, with momentum across all four brands tempered by the onset of the Middle East conflict

** Group gross margin in H2 to date is tracking modestly below the prior comparable period

** Total group and unallocated FY26 costs are now seen at A$66 million ($47.75 million), up from A$60 million - SUL

** YTD, SUL has plunged 32.2%, sharply underperforming the ASX200’s 1.9% rise and even lagging the AXDJ’s 15.4% decline

($1 = 1.3822 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))