Australia's Super Retail hits five-month low on H1 earnings miss

SUPER RETAIL

12/01/2026 24:31

** Shares of Australia's Super Retail Group SUL.AX fall 5.9% to A$14.80, their lowest point since August 4

** The retailer posted group sales of A$2,195 million for H1, around 1% below Citi's forecast, but in line with VA consensus, according to a Citi note

** However, co's outlook of H1 underlying PBT at A$172-175 million is around 9% below Citi's estimates, and 7% below VA consensus at the midpoint

** Major miss was in Rebel, co's sporting retail arm, Citi says, with discounting activity hitting margins

** Stock set for weakest session since February 21

** SUL stock up 7.3% in 2025

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))