Premier Investments Bull Expects Strong 2H Sleepwear Sales -- Market Talk

Dow Jones

03-25

2251 GMT - Premier Investments' bull expects strong second-half sales growth from the retail conglomerate's Peter Alexander chain. Calling the sleepwear company the "heavy earnings lifter" at Premier, analyst Chami Ratnapala tells clients in a note that she anticipates 11% growth in sales for the six months through July. This should be supported by store metrics, above-category growth and easier comparisons with the prior-year period, she explains. Even so, challenges remain at Premier's Smiggle stationery chain, and Ratnapala says her forecasts factor in some conservatism. Bell Potter cuts its target price 3.3%, to A$29.00, and keeps a "buy" rating on the stock, which is at A$21.21 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 24, 2025 18:51 ET (22:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Calling the sleepwear company the \"heavy earnings lifter\" at Premier, analyst Chami Ratnapala tells clients in a note that she anticipates 11% growth in sales for the six months through July. This should be supported by store metrics, above-category growth and easier comparisons with the prior-year period, she explains. Even so, challenges remain at Premier's Smiggle stationery chain, and Ratnapala says her forecasts factor in some conservatism. Bell Potter cuts its target price 3.3%, to A$29.00, and keeps a \"buy\" rating on the stock, which is at A$21.21 ahead of the open. 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(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 18:51 ET (22:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PMV.AU","symbol_name":"PREMIER INVESTMENTS LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522708157","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522708157","pubTimestamp":1742856660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2251 GMT - Premier Investments' bull expects strong second-half sales growth from the retail conglomerate's Peter Alexander chain. Calling the sleepwear company the \"heavy earnings lifter\" at Premier, analyst Chami Ratnapala tells clients in a note that she anticipates 11% growth in sales for the six months through July. This should be supported by store metrics, above-category growth and easier comparisons with the prior-year period, she explains. Even so, challenges remain at Premier's Smiggle stationery chain, and Ratnapala says her forecasts factor in some conservatism. Bell Potter cuts its target price 3.3%, to A$29.00, and keeps a \"buy\" rating on the stock, which is at A$21.21 ahead of the open. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PMV.AU":"PREMIER INVESTMENTS LIMITED"},"translate_title":"Premier Investments牛市预计下半年睡衣销售强劲——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PMV.AU":0.9},"content_text":"2251 GMT - Premier Investments' bull expects strong second-half sales growth from the retail conglomerate's Peter Alexander chain. Calling the sleepwear company the \"heavy earnings lifter\" at Premier, analyst Chami Ratnapala tells clients in a note that she anticipates 11% growth in sales for the six months through July. This should be supported by store metrics, above-category growth and easier comparisons with the prior-year period, she explains. Even so, challenges remain at Premier's Smiggle stationery chain, and Ratnapala says her forecasts factor in some conservatism. Bell Potter cuts its target price 3.3%, to A$29.00, and keeps a \"buy\" rating on the stock, which is at A$21.21 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 18:51 ET (22:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}