CP Axtra Faces Earnings Hit from Weaker Wholesale, Retail Performance

Dow Jones

07/10

0228 GMT - CP Axtra faces an earnings hit from weaker performance at its wholesale and retail businesses, UOB Kay Hian's Tanapon Cholkadidamrongkul says in a research report. The consumer goods company's key operating metrics were softer than expected in 2Q owing to decline in same-store-sales, lower gross margins, and an increase in the ratio of selling, general and administrative expenses to sales, the analyst says. CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 22:28 ET (02:28 GMT)

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The consumer goods company's key operating metrics were softer than expected in 2Q owing to decline in same-store-sales, lower gross margins, and an increase in the ratio of selling, general and administrative expenses to sales, the analyst says. CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht. 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The consumer goods company's key operating metrics were softer than expected in 2Q owing to decline in same-store-sales, lower gross margins, and an increase in the ratio of selling, general and administrative expenses to sales, the analyst says. CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 22:28 ET (02:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CP","symbol_name":"加拿大太平洋鐵路","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650852906","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650852906","pubTimestamp":1783650480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0228 GMT - CP Axtra faces an earnings hit from weaker performance at its wholesale and retail businesses, UOB Kay Hian's Tanapon Cholkadidamrongkul says in a research report. The consumer goods company's key operating metrics were softer than expected in 2Q owing to decline in same-store-sales, lower gross margins, and an increase in the ratio of selling, general and administrative expenses to sales, the analyst says. CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht.  Dow Jones NewswiresJuly 09, 2026 22:28 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CP":"加拿大太平洋铁路"},"translate_title":"CP Axtra 面临批发和零售表现疲软的盈利打击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CP":1.5},"content_text":"0228 GMT - CP Axtra faces an earnings hit from weaker performance at its wholesale and retail businesses, UOB Kay Hian's Tanapon Cholkadidamrongkul says in a research report. The consumer goods company's key operating metrics were softer than expected in 2Q owing to decline in same-store-sales, lower gross margins, and an increase in the ratio of selling, general and administrative expenses to sales, the analyst says. CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2026 22:28 ET (02:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}