0039 GMT - Negative U.S. retail sales volumes seem consistent with Brambles's fiscal 2026 volume guidance, UBS analysts say. They tell clients in a note that U.S. retailers' inventory levels continued to rise over the September quarter, with U.S. sales of food and home-and-personal-care items both down on a year earlier. They warn that continuing sales softness could lead to further inventory growth. This would slow demand for Brambles's pallets, and the speed with which they circulate through supply chains. The analysts say data tally with company guidance for slow like-for-like fiscal 2026 volume momentum, particularly in the first half. UBS has a neutral rating and A$25.65 target price on the stock, which is up 1.2% at A$23.53. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 23, 2025 19:39 ET (00:39 GMT)

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