2319 GMT [Dow Jones]--Super Retail's bull at Macquarie thinks conditions won't improve much for another year at least. "Given recent interest rate hikes and persisting inflation, we currently model no material improvement in consumer behavior in FY 2027," Macquarie says. It expects like-for-like sales by Super Retail's Macpac and BCF businesses to remain flat or negative in this period. Rebel and Supercheap same-store sales will only be modestly positive, it contends. Macquarie lowers its price target by 13% to A$15.50/share. Super Retail ended Thursday at A$11.32/share. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 07, 2026 19:22 ET (23:22 GMT)
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