0034 GMT - Premier Investments' annual result shows solid cost control by the Australian retailer, RBC Capital Markets analyst Michael Toner says. Premier's fiscal 2026 cost-of-doing-business growth was 60 basis points above Toner's forecast, but he looks deeper to see employee expenses, advertising and marketing, and rent declining by between 1% and 4% compared with a year earlier. Toner, who has a neutral rating on the stock, tells clients in a note that operating cash flow across the group was also strong, beating his estimate by 12%. RBC has a last-published target price of 12.00 Australian dollars on the stock, which is up 4.5% at A$11.665.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.