Expectations for Metcash's Full Year Look Unlikely to Change -- Market Talk

Dow Jones

2024/12/02

0112 GMT - Expectations for Metcash's full fiscal year are unlikely to change materially on the supermarket supplier's first-half result, E&P analyst Phillip Kimber tells clients in a note. Kimber doesn't see anything to shift average analyst forecasts, although he acknowledges that the Australian company's first-half EBIT fell slightly short of his expectations. EBIT from liquor and hardware were both softer than he had expected. However, he reckons that hardware sales' improving trajectory and recent share-price weakness should see the stock gain some support. Shares are up 2.7% at A$3.205. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 01, 2024 20:12 ET (01:12 GMT)

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