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Premier Investments' 1H Looks Decent in Soft Conditions -- Market Talk

Dow Jones03-20 07:32

2332 GMT - Premier Investments' 1H earnings look decent to RBC analyst Michael Toner given soft retail conditions. Toner tells clients in a note that the Australian retail conglomerate's earnings were in line with his forecast once significant items were stripped out. Gross margins missed his forecast by 40 bps, he adds. Positively, he thinks that full-year earnings guidance implies an improvement in trading momentum. He forecasts 7.0% 2H sales growth for Premier's Peter Alexander sleepwear brand. RBC has a last-published neutral rating and A$12.52 target price on the stock, which is up 7.3% at A$13.43. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 19, 2026 19:32 ET (23:32 GMT)

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