Steve Daghlian
๐ค SpeakerAppearances Over Time
Podcast Appearances
Now, it joined the likes of other retailers recently that have
warn somewhat of the Middle East conflict and the impact this is having on cost.
JB Hi-Fi was one recently.
Footwear retailer Accent was another.
So Super Retail today is saying that sales momentum across all brands has been adversely affected by the onset of that conflict, together with concerns around fuel availability as well.
So all of this is weighing on things like consumer sentiment, particularly around the Easter break.
And it also said that trading conditions in the auto category moderated in March and April, the impact most evident in spending on stuff like power tools, which it's considering, I guess, to be more of a discretionary item, demand for fuel-related maintenance products that have been a bit more robust as expected.
Lice and Wanda, another underperformer today.
It's down by about 8%.
It provides gambling products and services like poker and also card shuffling machines.
So it forecasts delivering mid to high single digit earnings growth in 2026, including certain external factors it has little control over, like US tariffs, changes in tax rates over in the UK, which it reckons is probably going to be roughly a $40 million headwind for the group.
ARN Media today has been all over the place.
It was down about four percent about half an hour ago.
Now it's actually up by close to two percent.
This is the group behind KISS and Golden Radio Networks.
So it revealed today that the Carl and Jackie O shows axing this year has cost at least $26 million in lost advertising revenue.
due to what it calls brand safety issues.
And at the AGM today, about 90% of shareholders voted against its executive pay report.
So basically, this means a CEO's more than $1 million salary will now be under review.
As we approach the close, most of the banks are improving today.