We’ve been told retail is on its knees in economic headwinds, but another good result – this time for Super Retail Group – might be shifting the narrative.
ASX200: up 0.21%, 8,027
AUD: 67.49 US cents
GOLD: $2,541 US/oz
BITCOIN: $90,484 AUD
WiseTech Global jumped another 7.8% to a record high of $120.39.
Not so lucky was Megaport, which saw shares down almost 21% after it missed its guidance.
Super Retail Group shares up 6.2% to $17.70 after record sales growth
KFC & Taco Bell store owners Collins foods was down almost 13%, after it said its profit margins would fall over the next financial year.
A net profit lift for Medibank to $570 million wasn’t able to offset market losses of 2.3%.
Bank of Queensland will shed jobs and convert branches as part of a restructure, sending shares down 7.3%.
Whitehaven Coal will sell a 30% stake in its Blackwater mine to a Japanese steel company for $1.6 billion, helping its shares to rise 6.3% today.
Strong gains for Stockland, up 3.5%.. and Guzman y Gomez, up 2.3%.