Super Retail Expected to Miss Store Target, Bull Says -- Market Talk

Dow Jones
06/12

0431 GMT - Super Retail Group's bull at Macquarie reckons that a shortage of suitable sites will stop the Australian company hitting its 2031 store-count target. A note from the investment bank says it expects the retailer to fall 31 stores short of its 900 target, but doesn't anticipate any incremental capital expenditure on network growth beyond existing forecasts. Anyway, Super Retail's observation that online retail is growing faster than in-store makes the analyst question whether an ambitious store rollout is the best allocation of capital. One positive for the analyst is Super Retail's focus on stores in regional markets, which should support so-called click-and-collect orders in those areas. Macquarie raises its target price by 2.6% to 15.90 Australian dollars and keeps an outperform rating on the stock, which is down 0.2% at A$12.33. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 12, 2026 00:31 ET (04:31 GMT)

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