Super Retail's Earnings Outlook Less Rosy -- Market Talk

Dow Jones

Apr 21

2330 GMT - Morgans downgrades Super Retail Group as discretionary spending in Australia comes under pressure. Morgans drops Super Retail to hold, from accumulate, and cuts its price target by 24% to A$12.90/share. "We lower our FY26-28 EPS forecasts by 6-7%, reflecting a more cautious view on the consumer discretionary environment," analyst Jared Gelsomino says. Morgans pares expectations for margins and like-for-like sales across Super Retail's businesses. It now projects 2% same-store sales growth for Supercheap Auto and 1% growth for rebel, with BCF's sales seen declining 1.5%. "We view Supercheap Auto as best placed within the group given its relatively defensive exposure, whilst we are more cautious on rebel and BCF given their greater sensitivity to the economic cycle and affordability pressures," Morgans says. Super Retail ended Monday at A$12.67. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 20, 2026 19:30 ET (23:30 GMT)

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Morgans drops <a href=\"https://laohu8.com/S/SUL.AU\">Super Retail</a> to hold, from accumulate, and cuts its price target by 24% to A$12.90/share. \"We lower our FY26-28 EPS forecasts by 6-7%, reflecting a more cautious view on the consumer discretionary environment,\" analyst Jared Gelsomino says. Morgans pares expectations for margins and like-for-like sales across Super Retail's businesses. It now projects 2% same-store sales growth for Supercheap Auto and 1% growth for rebel, with BCF's sales seen declining 1.5%. \"We view Supercheap Auto as best placed within the group given its relatively defensive exposure, whilst we are more cautious on rebel and BCF given their greater sensitivity to the economic cycle and affordability pressures,\" Morgans says. Super Retail ended Monday at A$12.67. (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  April 20, 2026 19:30 ET (23:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Retail's Earnings Outlook Less Rosy -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Retail's Earnings Outlook Less Rosy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-21 07:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2330 GMT - Morgans downgrades <a href=\"https://laohu8.com/S/SPRRY\">Super Retail</a> Group as discretionary spending in Australia comes under pressure. Morgans drops <a href=\"https://laohu8.com/S/SUL.AU\">Super Retail</a> to hold, from accumulate, and cuts its price target by 24% to A$12.90/share. \"We lower our FY26-28 EPS forecasts by 6-7%, reflecting a more cautious view on the consumer discretionary environment,\" analyst Jared Gelsomino says. Morgans pares expectations for margins and like-for-like sales across Super Retail's businesses. It now projects 2% same-store sales growth for Supercheap Auto and 1% growth for rebel, with BCF's sales seen declining 1.5%. \"We view Supercheap Auto as best placed within the group given its relatively defensive exposure, whilst we are more cautious on rebel and BCF given their greater sensitivity to the economic cycle and affordability pressures,\" Morgans says. Super Retail ended Monday at A$12.67. (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  April 20, 2026 19:30 ET (23:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7128","symbol_name":"专卖店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629772611","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629772611","pubTimestamp":1776727800,"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":"2330 GMT - Morgans downgrades Super Retail Group as discretionary spending in Australia comes under pressure. Morgans drops Super Retail to hold, from accumulate, and cuts its price target by 24% to A$12.90/share. \"We lower our FY26-28 EPS forecasts by 6-7%, reflecting a more cautious view on the consumer discretionary environment,\" analyst Jared Gelsomino says. Morgans pares expectations for margins and like-for-like sales across Super Retail's businesses. It now projects 2% same-store sales growth for Supercheap Auto and 1% growth for rebel, with BCF's sales seen declining 1.5%. \"We view Supercheap Auto as best placed within the group given its relatively defensive exposure, whilst we are more cautious on rebel and BCF given their greater sensitivity to the economic cycle and affordability pressures,\" Morgans says. Super Retail ended Monday at A$12.67. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7128":"专卖店","SUL.AU":"SUPER RETAIL GROUP LTD"},"translate_title":"超级零售的盈利前景不那么乐观——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SUL.AU":0.9},"content_text":"2330 GMT - Morgans downgrades Super Retail Group as discretionary spending in Australia comes under pressure. Morgans drops Super Retail to hold, from accumulate, and cuts its price target by 24% to A$12.90/share. \"We lower our FY26-28 EPS forecasts by 6-7%, reflecting a more cautious view on the consumer discretionary environment,\" analyst Jared Gelsomino says. Morgans pares expectations for margins and like-for-like sales across Super Retail's businesses. It now projects 2% same-store sales growth for Supercheap Auto and 1% growth for rebel, with BCF's sales seen declining 1.5%. \"We view Supercheap Auto as best placed within the group given its relatively defensive exposure, whilst we are more cautious on rebel and BCF given their greater sensitivity to the economic cycle and affordability pressures,\" Morgans says. Super Retail ended Monday at A$12.67. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 20, 2026 19:30 ET (23:30 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}