Profits of Australian Discretionary Retailers Coming Under Pressure -- Market Talk

Dow Jones

5 hours ago

2219 GMT - Citi says downside risks to its 2H earnings estimates for Australia's discretionary retailers are increasing. That reflects expectations of higher interest rates, along with a sharp rise in fuel prices since the Middle East conflict began. Analyst Adrian Lemme also highlights early signs of deteriorating consumer confidence. "However, retailers have continued to de-rate and we expect the stocks to rally should the conflict in Iran settle," Citi says. Australia's federal government could take measures such as reducing fuel excise duty to stabilize the situation. "Therefore, we leave our forecasts and recommendations unchanged but will review leading into 3Q trading updates," Citi says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 16, 2026 18:19 ET (22:19 GMT)

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That reflects expectations of higher interest rates, along with a sharp rise in fuel prices since the Middle East conflict began. Analyst Adrian Lemme also highlights early signs of deteriorating consumer confidence. \"However, retailers have continued to de-rate and we expect the stocks to rally should the conflict in Iran settle,\" Citi says. Australia's federal government could take measures such as reducing fuel excise duty to stabilize the situation. \"Therefore, we leave our forecasts and recommendations unchanged but will review leading into 3Q trading updates,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 16, 2026 18:19 ET (22:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Profits of Australian Discretionary Retailers Coming Under Pressure -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProfits of Australian Discretionary Retailers Coming Under Pressure -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-17 06:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2219 GMT - Citi says downside risks to its 2H earnings estimates for Australia's discretionary retailers are increasing. That reflects expectations of higher interest rates, along with a sharp rise in fuel prices since the Middle East conflict began. Analyst Adrian Lemme also highlights early signs of deteriorating consumer confidence. \"However, retailers have continued to de-rate and we expect the stocks to rally should the conflict in Iran settle,\" Citi says. Australia's federal government could take measures such as reducing fuel excise duty to stabilize the situation. \"Therefore, we leave our forecasts and recommendations unchanged but will review leading into 3Q trading updates,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 16, 2026 18:19 ET (22:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"PMV.AU","symbol_name":"PREMIER INVESTMENTS LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620434497","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620434497","pubTimestamp":1773699540,"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":"2219 GMT - Citi says downside risks to its 2H earnings estimates for Australia's discretionary retailers are increasing. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PMV.AU":"PREMIER INVESTMENTS LIMITED","BK7029":"百货商店","JBH.AU":"JB HI-FI LTD","BK7041":"综合货品商店","BK7021":"服装零售","BK7153":"综合零售","HVN.AU":"HARVEY NORMAN HOLDINGS LTD","SUL.AU":"SUPER RETAIL GROUP LTD","MYR.AU":"MYER HOLDINGS LTD","BK7001":"电脑与电子产品零售","BK7128":"专卖店"},"translate_title":"澳大利亚非必需品零售商的利润面临压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVN.AU":0.9,"MYR.AU":0.9,"PMV.AU":0.9,"SUL.AU":0.9,"JBH.AU":0.9},"content_text":"2219 GMT - Citi says downside risks to its 2H earnings estimates for Australia's discretionary retailers are increasing. That reflects expectations of higher interest rates, along with a sharp rise in fuel prices since the Middle East conflict began. Analyst Adrian Lemme also highlights early signs of deteriorating consumer confidence. \"However, retailers have continued to de-rate and we expect the stocks to rally should the conflict in Iran settle,\" Citi says. Australia's federal government could take measures such as reducing fuel excise duty to stabilize the situation. \"Therefore, we leave our forecasts and recommendations unchanged but will review leading into 3Q trading updates,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 16, 2026 18:19 ET (22:19 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":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}