BUZZ-Australia's Premier Investments drops after media report flags sales slump

Reuters

2024/12/17

** Shares of Premier Investments PMV.AX drop as much as 2.5% to A$33.470, lowest since Nov. 6

** Media report flags retailer's tough UK debut, lagging brand sales

** Co says report is "selectively incomplete" and does not reflect the group's overall financial status or performance

** Says sales for Christmas, Boxing Day and other key dates yet to happen and remain critical to H1 FY25 results

** Stock set for eighth straight session of losses

** Over 330,000 shares traded, 1.7x the 30-day avg

** PMV gains 20.6% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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