BUZZ-Australia's Super Retail hits five-month low on H1 earnings miss

Reuters
01/12
BUZZ-Australia's <a href="https://laohu8.com/S/SPRRY">Super Retail</a> hits five-month low on H1 earnings miss

** Shares of Australia's Super Retail Group SUL.AX fall 5.9% to A$14.80, their lowest point since August 4

** The retailer posted group sales of A$2,195 million for H1, around 1% below Citi's forecast, but in line with VA consensus, according to a Citi note

** However, co's outlook of H1 underlying PBT at A$172-175 million is around 9% below Citi's estimates, and 7% below VA consensus at the midpoint

** Major miss was in Rebel, co's sporting retail arm, Citi says, with discounting activity hitting margins

** Stock set for weakest session since February 21

** SUL stock up 7.3% in 2025

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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