Premier Investments' Pyjama Party Loses Its Buzz -- Market Talk

Dow Jones

Jan 16, 2025

0019 GMT - Premier Investments' Peter Alexander sleepwear business looks set to experience a softer start to life in the U.K. than previously anticipated, Macquarie analysts warn. They tell clients in a note that the unit's disappointing first-half performance tempers expectations through fiscal 2026, with a higher-priced product and cost-of-living pressures likely to weigh on its U.K. expansion. They lower their forecast for Peter Alexander sales growth to 2% from 7% for fiscal 2025, and to 4% from 7% in fiscal 2026. Macquarie lowers its target price on the Australian retail conglomerate by 15% to A$29.00 and maintains a neural rating. Shares are up 5.25% at A$28.385, but still 14% lower so far this week. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 15, 2025 19:19 ET (00:19 GMT)

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They tell clients in a note that the unit's disappointing first-half performance tempers expectations through fiscal 2026, with a higher-priced product and cost-of-living pressures likely to weigh on its U.K. expansion. They lower their forecast for Peter Alexander sales growth to 2% from 7% for fiscal 2025, and to 4% from 7% in fiscal 2026. Macquarie lowers its target price on the Australian retail conglomerate by 15% to A$29.00 and maintains a neural rating. Shares are up 5.25% at A$28.385, but still 14% lower so far this week. 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They tell clients in a note that the unit's disappointing first-half performance tempers expectations through fiscal 2026, with a higher-priced product and cost-of-living pressures likely to weigh on its U.K. expansion. They lower their forecast for Peter Alexander sales growth to 2% from 7% for fiscal 2025, and to 4% from 7% in fiscal 2026. Macquarie lowers its target price on the Australian retail conglomerate by 15% to A$29.00 and maintains a neural rating. Shares are up 5.25% at A$28.385, but still 14% lower so far this week. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 19:19 ET (00:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7021","symbol_name":"服装零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503602499","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503602499","pubTimestamp":1736986740,"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":"0019 GMT - Premier Investments' Peter Alexander sleepwear business looks set to experience a softer start to life in the U.K. than previously anticipated, Macquarie analysts warn. They tell clients in a note that the unit's disappointing first-half performance tempers expectations through fiscal 2026, with a higher-priced product and cost-of-living pressures likely to weigh on its U.K. expansion. They lower their forecast for Peter Alexander sales growth to 2% from 7% for fiscal 2025, and to 4% from 7% in fiscal 2026. Macquarie lowers its target price on the Australian retail conglomerate by 15% to A$29.00 and maintains a neural rating. Shares are up 5.25% at A$28.385, but still 14% lower so far this week. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7021":"服装零售","PMV.AU":"PREMIER INVESTMENTS LIMITED"},"translate_title":"Premier Investments的睡衣派对失去了热度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PMV.AU":0.9},"content_text":"0019 GMT - Premier Investments' Peter Alexander sleepwear business looks set to experience a softer start to life in the U.K. than previously anticipated, Macquarie analysts warn. They tell clients in a note that the unit's disappointing first-half performance tempers expectations through fiscal 2026, with a higher-priced product and cost-of-living pressures likely to weigh on its U.K. expansion. They lower their forecast for Peter Alexander sales growth to 2% from 7% for fiscal 2025, and to 4% from 7% in fiscal 2026. Macquarie lowers its target price on the Australian retail conglomerate by 15% to A$29.00 and maintains a neural rating. Shares are up 5.25% at A$28.385, but still 14% lower so far this week. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 19:19 ET (00:19 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}