New Zealand's a2 Milk hits two-month low on profit miss, weak forecast

The a2 Milk

17/08/2026 01:11

** Shares of New Zealand's a2 Milk ATM.NZ fall as much as 10.2% to A$7.390, their lowest level since June 19
** Stock last down 10%; set for its weakest session since May 4, if current losses hold
** Dairy nutritional company posts FY net profit attributable of NZ$113.6 million ($66.93 million), down from NZ$202.9 million a year earlier and missing Visible Alpha consensus estimate of NZ$121 million
** Co declares final dividend of 9.5 NZ cents per share, down from the 11.5 cents a year earlier
** Co flags FY27 outlook of mid-single-digit pct revenue growth 
** "a2's maiden FY27 guidance is for EBITDA to be 8% below VA Consensus at the midpoint given the flow-on effects from the 4Q26 supply chain disruption," say analysts at Citi
** Stock down 28% YTD, including sessions' moves
($1 = 1.6972 New Zealand dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))