Consumer discretionary stocks have made an unlikely claim as one of the sectors to watch in the forthcoming company earnings season with a succession of trading updates that prove investors got too bearish on Australian retail spending.
Youth apparel retailer Universal Store became the latest company to flag better than expected trading for the June half of 2023-24 and into the new financial year on Friday, joining Adore Beauty and Accent Group.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
