0113 GMT - Sigma Healthcare shares rise 7.8% on a positive update for its recently acquired Chemist Warehouse business, reigniting a rally that had looked in danger of stalling. Sigma said 1H like-for-like retail sales at Chemist Warehouse rose 3%. "The big surprise was the 400bp increase in EBIT margin year-over-year resulting in an EBIT of A$437.9 million for 1H," Citi analyst Adrian Lemme says. The result suggests Sigma-Chemist Warehouse is tracking ahead of Citi's forecast for A$800 million of combined proforma EBIT in the first year of ownership. Citi has a neutral call on Sigma. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 27, 2025 20:13 ET (01:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.