0034 GMT - Premier Investments' annual result shows solid cost control by the Australian retailer, RBC Capital Markets analyst Michael Toner says. Premier's fiscal 2026 cost-of-doing-business growth was 60 basis points above Toner's forecast, but he looks deeper to see employee expenses, advertising and marketing, and rent declining by between 1% and 4% compared with a year earlier. Toner, who has a neutral rating on the stock, tells clients in a note that operating cash flow across the group was also strong, beating his estimate by 12%. RBC has a last-published target price of 12.00 Australian dollars on the stock, which is up 4.5% at A$11.665.