Adairs flags FY26 sales of A$640–641.5 million as underlying EBIT seen at A$53.5–55.5 million
AI Market Summary
Adairs' FY26 trading update shows modest sales growth (guidance implies +3.7% YoY at the midpoint) but slightly lower underlying EBIT (-1.3% YoY), underscoring ongoing consumer discretionary headwinds from higher rates and inflation. Bell Potter marginally lifted its target price to A$1.45 while maintaining a Hold, citing stronger core brand performance offset by continued losses at Focus on Furniture. Net impact is mixed and limited in magnitude.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.10%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Adairs Ltd (ASX: ADH) said it expects FY26 group sales of A$640–641.5 million, up 3.7% year on year at the midpoint, while underlying EBIT is forecast at A$53.5–55.5 million, down 1.3%. Bell Potter lifted its target price slightly to A$1.45 and maintained a hold rating. The stock is down 18% year to date, against a backdrop of continued pressure on consumer discretionary names.
