Australia's Super Retail loses most in over 2 months on tepid quarterly update

SUPER RETAIL

29/10/2026 04:49

** Shares of Super Retail Group SUL.AX fall as much as 5.3% to A$12.3, posting their steepest intraday pct slide since August 21
** Stock hits its lowest level since September 28
** The automotive parts retailer says group's first-quarter like-for-like sales growth was 0.2% year-on-year 
** Company attributes industry-wide headwinds weighing on consumer confidence and discretionary spending
** Says higher fuel prices weighed on its brand BCF, while yoy promotional cycles and milder winter conditions affected Macpac
**  Citi lower its target price to A$15 per share and EBIT estimate for FY27 by around 2%, factoring in weaker sales growth 
** Stock down 21.7%, YTD, including the session's moves
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))