Stock Track | Metcash Soars 5.47% Intraday on Positive Trading Update Showing Revenue Growth and Cost Savings Targets

Stock Track

May 11

Metcash Ltd's stock surged 5.47% during Monday's intraday trading session following the release of a comprehensive trading update.

The company reported preliminary group revenue growth of 0.7% for the fiscal year ending April 2026, or 3.8% when excluding tobacco sales. Metcash estimates group revenue at approximately AU$19.6 billion, with EBIT expected in the range of AU$501 million to AU$505 million. Underlying profit after tax is projected to be between AU$268 million and AU$270 million.

Investors responded positively to the company's announcement that there has been no material impact on FY26 earnings from increased freight or product costs. Additionally, Metcash revealed ongoing cost initiatives that are expected to yield at least AU$25 million in annualized savings in fiscal year 2027. The company also noted it has increased inventory levels as a precautionary measure despite not experiencing supply shortages related to the Middle East conflict.

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