Australia's Super Retail rises on annual results, Jefferies flags solid start to FY27

SUPER RETAIL

20/08/2026 02:31

** Shares of Super Retail SUL.AX jump as much as 17.7% to A$14.78, hitting their highest level since March 11
** Stock set for best intraday trading session since August 21, 2025
** Automotive parts retailer posts FY sales of A$4.2 billion ($2.99 billion), up 3.2% from previous year
** Jefferies says co's FY profit before tax down 7% from last year at A$306 million, but ahead of Visible Alpha estimate
** Brokerage says group like-for-like sales rose 1.5% in first seven weeks of FY27, helped by the Fifa World cup and promotional campaigns for its lubricants
** Super Retail warns that tensions in the Middle East remain elevated and it could impact its FY27 outlook
** Jefferies says fuel crisis has a negative impact on co's 4Q26 and domestic factors are also weighing on consumer confidence in the near term
** YTD, stock down 9.9%
($1 = 1.4055 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))