Super Retail leads ASX 200 losses as first-half guidance misses estimates
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More news: Super Retail was the worst performer on the ASX 200 in early trade after is first-half trading update missed market estimates.
Shares were down 5.8% to $14.81 at 11am AEDT.
RBC Capital Markets analyst Michael Toner said Super Retail's first-half profit before tax guidance of $172 million to $175 million missed consensus estimates by 7.1%, driven by discounting and promotional activity during the period.
Realised gross margins were softer across Super Retail's brands, Toner said, particularly in sportswear chain Rebel, which drove a 13.7% miss to average profit before tax estimates.
Toner noted that the group's outdoor retail chain BCF was particularly impacted by weather and environment factors in Victoria and South Australia.
What they said: "We expect market focusses on softer margin result today and [gross margin] contraction likely a negative read for apparel retailer profitability in December," Toner said.
Super Retail Group expects first-half revenue to hit $2.2b
The news: Major Australasian retailer Super Retail Group expects its unaudited for the first half of FY26 to hit $2.2 billion and normalised profit before tax to be between $172 million and $175 million.
The context: Super Retail Group has provided its trading performance update for the first half of FY26, which ended on 27 December, noting total sales growth of 4.2% compared with FY25.
Super Retail Group said the figures are preliminary and subject to audit review and finalisation, with final first half results due to be released on 26 February 2026.
What they said: "For the purpose of this trading update, normalised profit before tax does not include items considered unusual by their nature or size and or not being in the ordinary course of business," Super Retail Group managing director and CEO Paul Bradshaw said.
"The Group had no drawn-bank debt, and maintained a positive cash balance at the end of the first half."
The source: ASX
