Morningstar expects Australia's Super Retail's FY26 profit margins to soften

SUPER RETAIL

12/01/2026 21:34

** Morningstar sees slight decline in Super Retail's SUL.AX profit margins in fiscal 2026

** Adds, despite co expecting revenue growth for half-year, competition to hinder margin expansion

** Morningstar says SUL's year-to-date group sales growth also lags behind Morningstar's prior full-year estimate

** Keeps its near-term outlook on margins for co unchanged

** Investment research firm lifts fair value estimate by 22% to A$14 apiece

** Five of 14 analysts rate the stock "buy" or higher, seven "hold" and two "sell"; their median PT is A$17.15 — LSEG data

** Stock gained over 7% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))