Shares in small appliance maker Breville fell more than 10 per cent as investors punished the stock for weaker than expected first-half sales as it sacrificed promotions to preserve margins.
While interim earnings were slightly ahead of consensus, investors were not impressed. The stock fell $2.97, or 10.87 per cent, to $24.35.
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
