First half profit before tax (PBT) for Super Retail of
Group like-for-like sales growth of 1% was in line with consensus expectations.
However, management noted a "constrained retail trading environment" in Q2 with signs of a weaker consumer emerging. Also, the cost of doing business (CODB) metric is still under pressure from rising wage, rent and utilities costs.
Equal-weight rating. Target
Sector: Retailing.
Target price is
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