Mainfreight's Cycle of Profit Downgrades May Continue -- Market Talk

Dow Jones09-12

1840 ET - Risks to Mainfreight's earnings tilt to the downside, which may prolong the company's three-year cycle of profit downgrades, Forsyth Barr says. Mainfreight's pretax profit fell 24% in the first 17 weeks of FY 2026. That puts Mainfreight in catch-up mode, but analyst Andy Bowley says it becomes tougher to beat its performance a year ago as FY 2026 progresses. Forsyth Barr expects Mainfreight's annual pretax profit to total NZ$350 million. This implies the on-year decline narrows to 4% for the remaining 35 weeks. "We continue to believe this is achievable but requires better margin conversion, particularly in Transport and Warehousing, than that highlighted at the annual shareholder meeting, along with consistent new customer wins," Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 11, 2025 18:40 ET (22:40 GMT)

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(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  September 11, 2025 18:40 ET (22:40 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":"MFT.NZ","symbol_name":"Mainfreight Limited Ordinary Shares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566912704","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566912704","pubTimestamp":1757630400,"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":"1840 ET - Risks to Mainfreight's earnings tilt to the downside, which may prolong the company's three-year cycle of profit downgrades, Forsyth Barr says. 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