Australia's Super Retail logs sixth week of losses as M.East war dents sales

Super Retail

08/05/2026 02:03

** Shares of Super Retail Group SUL.AX down as much as 4.7% for the week, logging a sixth straight week of losses if current trends hold

** Stock set for worst week since mid-March

** Automotive parts retailer reported flat like-for-like sales so far in H2 on Thursday, citing a pullback in consumer demand across all four brands following the Iran war

** Co raised annual forecast to A$66 mln ($47.57 mln) from A$60 mln

** Morningstar trims its 2026 sales growth estimate to 3% and cuts earnings per share by 6%, citing lower sales and rising costs as pressure points

** Investment research firm says says "sales momentum is grinding to a halt as shoppers tighten their belts," with estimated group sales falling 1% year-on-year in March and April 2026

** Session's moves pare stock's YTD losses to 28%

($1 = 1.3875 Australian dollars)

(Reporting by Shivangi Lahiri and Kumar Tanishk in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))