Metcash Bull Shrugs Off Underwhelming Trading Update -- Market Talk

Dow Jones

Sep 11, 2025

2236 GMT - Jefferies retains a bullish call on Metcash despite a mildly disappointing trading update that leads to a 5% downgrade of its FY26 Ebit forecast. Analyst Michael Simotas says an additional A$19 million costs in FY26 would weigh on earnings. Metcash's food and liquor sales were weaker than the market expected, with margins under pressure. "However, our positive thesis is predicated on Hardware's leverage to a housing recovery," Jefferies says. "It is still very early days, but it was pleasing to see continued signs of improvement (albeit modest) across IHG & Total Tools." Jefferies raises its price target by 4.7%, to A$4.50/share. Metcash ended Wednesday at A$4.03. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 10, 2025 18:36 ET (22:36 GMT)

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Analyst Michael Simotas says an additional A$19 million costs in FY26 would weigh on earnings. Metcash's food and liquor sales were weaker than the market expected, with margins under pressure. \"However, our positive thesis is predicated on Hardware's leverage to a housing recovery,\" Jefferies says. \"It is still very early days, but it was pleasing to see continued signs of improvement (albeit modest) across IHG &amp; Total Tools.\" Jefferies raises its price target by 4.7%, to A$4.50/share. Metcash ended Wednesday at A$4.03. (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  September 10, 2025 18:36 ET (22:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>Metcash Bull Shrugs Off Underwhelming Trading Update -- 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\">\nMetcash Bull Shrugs Off Underwhelming Trading Update -- 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\">2025-09-11 06:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2236 GMT - Jefferies retains a bullish call on Metcash despite a mildly disappointing trading update that leads to a 5% downgrade of its FY26 Ebit forecast. Analyst Michael Simotas says an additional A$19 million costs in FY26 would weigh on earnings. Metcash's food and liquor sales were weaker than the market expected, with margins under pressure. \"However, our positive thesis is predicated on Hardware's leverage to a housing recovery,\" Jefferies says. \"It is still very early days, but it was pleasing to see continued signs of improvement (albeit modest) across IHG &amp; Total Tools.\" Jefferies raises its price target by 4.7%, to A$4.50/share. Metcash ended Wednesday at A$4.03. (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  September 10, 2025 18:36 ET (22:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"BK7028","symbol_name":"食品分销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566693897","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566693897","pubTimestamp":1757543760,"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":"2236 GMT - Jefferies retains a bullish call on Metcash despite a mildly disappointing trading update that leads to a 5% downgrade of its FY26 Ebit forecast. Analyst Michael Simotas says an additional A$19 million costs in FY26 would weigh on earnings. Metcash's food and liquor sales were weaker than the market expected, with margins under pressure. \"However, our positive thesis is predicated on Hardware's leverage to a housing recovery,\" Jefferies says. \"It is still very early days, but it was pleasing to see continued signs of improvement  across IHG & Total Tools.\" Jefferies raises its price target by 4.7%, to A$4.50/share. Metcash ended Wednesday at A$4.03. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7028":"食品分销商","MTS.AU":"METCASH LTD"},"translate_title":"Credit Acceptance被评为2025年《财富》金融服务和保险领域最佳工作场所™名单","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTS.AU":0.9},"content_text":"2236 GMT - Jefferies retains a bullish call on Metcash despite a mildly disappointing trading update that leads to a 5% downgrade of its FY26 Ebit forecast. Analyst Michael Simotas says an additional A$19 million costs in FY26 would weigh on earnings. Metcash's food and liquor sales were weaker than the market expected, with margins under pressure. \"However, our positive thesis is predicated on Hardware's leverage to a housing recovery,\" Jefferies says. \"It is still very early days, but it was pleasing to see continued signs of improvement (albeit modest) across IHG & Total Tools.\" Jefferies raises its price target by 4.7%, to A$4.50/share. Metcash ended Wednesday at A$4.03. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 10, 2025 18:36 ET (22:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}