Metcash battles hardware headwinds with food and liquor gains
Metcash (ASX:MTS) has reported results for the first half of FY25. The company delivered revenue growth, but faced challenges in certain segments.
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Metcash Limited
Metcash (ASX: MTS) is Australia’s leading wholesale distribution and marketing company with sales of over $14 billion in FY19.
We believe that it is absolutely vital to Australia that there is a sustainable, independent, family-owned business sector. Independent retailers support their local communities. We help them to be the ‘Best Store in Town’ by providing merchandising, operational and marketing support across our food, liquor and hardware pillars.
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News
Bargain Monday: Metcash reveals 3-for-1 deal
It must have been 'Bargain Monday' at Metcash (ASX:MTS), with the country's third-ranking listed retail group revealing a three-for-the-price-of-one deal. They announced three purchases in food and hardware, along with a $300 million placement to big shareholders.
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Metcash halts trading amid Superior Food Group acquisition talks
Metcash has requested the suspension of its shares until Monday, confirming Thursday morning media reports that it is exploring the acquisition of the food services operation, Superior Food Group.
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Metcash trims interim dividend
Metcash, the supermarkets, hardware, and liquor group, has reduced its interim dividend for the six months ending on October 31 due to a noticeable slowdown in earnings growth.
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Sales slump: Metcash feels the chill as consumers tighten their belts in 2023-24
The slowdown in consumer spending has significantly impacted the sales performance of Metcash (ASX:MTS), Australia's third-largest supermarket group, in the first 18 weeks of its 2023-24 financial year.
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Metcash rally fades as warning signs emerge from annual results
Metcash (ASX:MTS) may have reported record annual sales and earnings for the year ending 30 April, but closer examination of the results reveals warning signs that cast doubt on the initial 9% surge in the retailer's share price on Monday.
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Metcash Looking (and Selling Lots of) the Goods
A confident outlook for the rest of 2022-23 from Metcash, if the tick-up in interim dividend and solid sales growth seen in the first half of the year are any indication.
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Metcash Meeting Every Challenge
On the face of it a solid start to its 2022-23 financial year for Metcash, the country’s third-largest supermarkets, liquor and hardware chain operator, despite numerous challenges.
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MTS – Credit Suisse rates the stock as Neutral
The rating is downgraded to Neutral from Outperform and the target price decreases to $4.67 from $4.70.
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Metcash Registers Profit, Dividend Bump
Metcash shares jumped 4% on Monday after the country’s 4th ranking supermarkets group boosted annual dividend 23% and reported a solid rise in 2021-22’s revenue and earnings.
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