Premier Investments Earnings: Market Relieved Despite a Relatively Soft Trading Outlook
Premier's fiscal 2026 underlying retail EBIT fell 10% to AUD 176 million on 2% lower sales. Peter Alexander grew 3%, partly offsetting a 13% decline at Smiggle. In the first seven weeks of fiscal 2027, like-for-like sales were roughly flat compared with last year. Nevertheless, shares rose 7%.