0831 GMT - DFI Retail Group's core net profit guidance for 2026 could be overly conservative, DBS Group Research's Zheng Feng Chee says in a note. The retailer, which has brands across the food, health and beauty and convenience segments, previously said its 2026 core earnings would be in the $270 million-$300 million range, supported by 2%-3% organic revenue growth, the analyst notes. The low end of the guidance implies flat core earnings, which could worry some investors, he says. However, the company's recent track record indicates it can deliver within and toward the upper end of its guidance, he says. Meanwhile, he expects the retailer's convenience and health and beauty segments to drive growth over the next few years. DBS maintains its buy rating and is reviewing its $4.50 target price. Shares rise 3.6% to $4.29. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 04, 2026 03:31 ET (08:31 GMT)
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