Live News • Jul 17
Premier Investments Considers Brand Breakup and Portfolio Overhaul as Market Pressures Mount Premier Investments is in the middle of a broad restructuring, reviewing the possible separation of key brands such as Smiggle and Peter Alexander and reassessing its wider retail and investment portfolio.
The company is responding to weaker discretionary spending and pressure across apparel retail, with investors closely watching same-store sales trends, the performance of its major brands, its holding in Breville Group and any plans for further international rollout.
Premier Investments shares last traded at A$14.41, with the stock down about 30% over the past year and up 12.9% over the past 90 days.
This mix of portfolio reshaping and share price volatility is putting the focus on how efficiently Premier Investments can structure its brands and capital to support earnings resilience and potential future growth options. Recent Insider Transactions • Apr 14
Independent Non-Executive Director recently bought AU$257k worth of stock On the 10th of April, Terrence Luke McCartney bought around 20k shares on-market at roughly AU$12.85 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Mar 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 105% Cash payout ratio: 91% Dividend yield: 7.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 21
First half 2026 earnings released: EPS: AU$0.64 (vs AU$0.64 in 1H 2025) First half 2026 results: EPS: AU$0.64 (up from AU$0.64 in 1H 2025). Revenue: AU$460.6m (down 1.1% from 1H 2025). Net income: AU$101.7m (flat on 1H 2025). Profit margin: 22% (in line with 1H 2025). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Dec 10
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$859.7m to AU$836.8m. EPS estimate also fell from AU$1.12 per share to AU$1.00 per share. Net income forecast to grow 11% next year vs 34% growth forecast for Specialty Retail industry in Australia. Consensus price target down from AU$22.46 to AU$18.99. Share price fell 16% to AU$15.06 over the past week. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to AU$15.22, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Specialty Retail industry in Australia. Total loss to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$25.54 per share. Price Target Changed • Dec 05
Price target decreased by 7.6% to AU$20.95 Down from AU$22.67, the current price target is an average from 13 analysts. New target price is 38% above last closing price of AU$15.22. Stock is down 58% over the past year. The company is forecast to post earnings per share of AU$1.05 for next year compared to AU$0.90 last year. Announcement • Dec 05
Premier Investments Limited (ASX:PMV) announces an Equity Buyback for AUD 100 million worth of its shares. Premier Investments Limited (ASX:PMV) announces a share repurchase program. Under the program, the company will repurchase up to AUD 100 million worth of its ordinary shares. The purpose of the program is to deliver earnings per share accretion and increase total shareholder returns. The program is valid till December 23, 2025. As of December 5, 2025, the company had 159,879,998 shares issued and outstanding. Upcoming Dividend • Dec 04
Upcoming dividend of AU$0.50 per share Eligible shareholders must have bought the stock before 11 December 2025. Payment date: 23 January 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Australian dividend payers (5.6%). Lower than average of industry peers (3.5%). Announcement • Nov 03
Premier Investments Limited, Annual General Meeting, Dec 05, 2025 Premier Investments Limited, Annual General Meeting, Dec 05, 2025. Location: pullman melbourne albert park, 65 queens road, melbourne victoria 3004 Australia Announcement • Sep 26
Premier Investments Limited announces Annual dividend, payable on January 23, 2026 Premier Investments Limited announced Annual dividend of AUD 0.5000 per share payable on January 23, 2026, ex-date on December 11, 2025 and record date on December 12, 2025. Reported Earnings • Sep 25
Full year 2025 earnings released: EPS: AU$2.12 (vs AU$1.62 in FY 2024) Full year 2025 results: EPS: AU$2.12. Revenue: AU$852.8m (down 47% from FY 2024). Net income: AU$144.0m (down 44% from FY 2024). Profit margin: 17% (up from 16% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Australia. Buy Or Sell Opportunity • Sep 22
Now 20% undervalued Over the last 90 days, the stock has risen 9.1% to AU$21.14. The fair value is estimated to be AU$26.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. For the next 3 years, revenue is forecast to decline by 9.6% per annum. Earnings are forecast to grow by 0.8% per annum over the same time period. Buy Or Sell Opportunity • Aug 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to AU$21.25. The fair value is estimated to be AU$26.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. For the next 3 years, revenue is forecast to decline by 8.0% per annum. Earnings are forecast to grow by 1.0% per annum over the same time period. Buy Or Sell Opportunity • Jun 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to AU$20.15. The fair value is estimated to be AU$25.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings are also forecast to decline by 0.6% per annum over the same time period. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to AU$19.77. The fair value is estimated to be AU$24.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings are also forecast to decline by 0.7% per annum over the same time period. Buy Or Sell Opportunity • Apr 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to AU$19.79. The fair value is estimated to be AU$24.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings are also forecast to decline by 0.7% per annum over the same time period. Major Estimate Revision • Mar 31
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$998.5m to AU$808.9m. EPS estimate fell from AU$1.22 to AU$1.12 per share. Net income forecast to shrink 22% next year vs 18% growth forecast for Specialty Retail industry in Australia . Consensus price target down from AU$26.42 to AU$23.79. Share price fell 6.0% to AU$19.93 over the past week. Price Target Changed • Mar 25
Price target decreased by 11% to AU$23.79 Down from AU$26.73, the current price target is an average from 13 analysts. New target price is 15% above last closing price of AU$20.76. Stock is down 35% over the past year. The company is forecast to post earnings per share of AU$1.12 for next year compared to AU$1.62 last year. Reported Earnings • Mar 22
First half 2025 earnings released: EPS: AU$0.64 (vs AU$0.78 in 1H 2024) First half 2025 results: EPS: AU$0.64 (down from AU$0.78 in 1H 2024). Revenue: AU$465.7m (down 1.4% from 1H 2024). Net income: AU$101.3m (down 18% from 1H 2024). Profit margin: 22% (down from 26% in 1H 2024). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Australia are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Major Estimate Revision • Mar 20
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$802.8m to AU$904.7m. EPS estimate fell from AU$1.22 to AU$1.21. Net income forecast to shrink 32% next year vs 18% growth forecast for Specialty Retail industry in Australia . Consensus price target down from AU$27.75 to AU$25.96. Share price was steady at AU$21.04 over the past week. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$1.46 to AU$1.22 per share. Revenue forecast steady at AU$802.8m. Net income forecast to shrink 33% next year vs 19% growth forecast for Specialty Retail industry in Australia . Consensus price target down from AU$28.57 to AU$27.97. Share price was steady at AU$21.31 over the past week. Price Target Changed • Mar 11
Price target decreased by 8.7% to AU$27.97 Down from AU$30.64, the current price target is an average from 13 analysts. New target price is 27% above last closing price of AU$22.00. Stock is down 25% over the past year. The company is forecast to post earnings per share of AU$1.22 for next year compared to AU$1.62 last year. Major Estimate Revision • Jan 30
Consensus revenue estimates decrease by 41% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from AU$1.60b to AU$942.7m. EPS estimate unchanged from AU$1.15 per share at last update. Specialty Retail industry in Australia expected to see average net income growth of 9.7% next year. Consensus price target down from AU$30.45 to AU$28.74. Share price fell 15% to AU$22.84 over the past week. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$22.67, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Specialty Retail industry in Australia. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$24.50 per share. Price Target Changed • Jan 15
Price target decreased by 7.5% to AU$30.45 Down from AU$32.93, the current price target is an average from 12 analysts. New target price is 13% above last closing price of AU$26.97. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of AU$1.52 for next year compared to AU$1.62 last year. Announcement • Jan 13
Premier Investments Limited Provides Earnings Guidance for First Half of Fiscal Year 2025 Premier Investments Limited provided earnings guidance for first half of fiscal year 2025. For the period, Premier Retail's total global sales to be in the range of $855 million to $865 million. Premier expects underlying EBIT (pre AASB16) to be in the range of $160 million to $165 million. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$27.78, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Specialty Retail industry in Australia. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$24.17 per share. Upcoming Dividend • Dec 03
Upcoming dividend of AU$0.70 per share Eligible shareholders must have bought the stock before 10 December 2024. Payment date: 08 January 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Australian dividend payers (6.2%). In line with average of industry peers (4.4%). Announcement • Nov 11
Premier Investments Limited, Annual General Meeting, Dec 13, 2024 Premier Investments Limited, Annual General Meeting, Dec 13, 2024. Location: at pullman melbourne, albert park 65 queens road, melbourne victoria 3004, Australia Reported Earnings • Sep 25
Full year 2024 earnings released: EPS: AU$1.62 (vs AU$1.70 in FY 2023) Full year 2024 results: EPS: AU$1.62 (down from AU$1.70 in FY 2023). Revenue: AU$1.62b (down 2.6% from FY 2023). Net income: AU$257.9m (down 4.9% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Announcement • Sep 09
Premier Investments Limited to Report Fiscal Year 2024 Results on Sep 25, 2024 Premier Investments Limited announced that they will report fiscal year 2024 results on Sep 25, 2024 Upcoming Dividend • Jun 11
Upcoming dividend of AU$0.63 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 24 July 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Australian dividend payers (6.4%). In line with average of industry peers (5.1%). Declared Dividend • Mar 28
First half dividend of AU$0.63 announced Shareholders will receive a dividend of AU$0.63. Ex-date: 18th June 2024 Payment date: 24th July 2024 Dividend yield will be 3.7%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 27
Price target increased by 12% to AU$30.46 Up from AU$27.09, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of AU$31.07. Stock is up 21% over the past year. The company is forecast to post earnings per share of AU$1.70 for next year compared to AU$1.70 last year. Upcoming Dividend • Jan 02
Upcoming dividend of AU$0.60 per share at 4.9% yield Eligible shareholders must have bought the stock before 09 January 2024. Payment date: 24 January 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Australian dividend payers (6.7%). Lower than average of industry peers (5.5%). Buying Opportunity • Dec 05
Now 21% undervalued Over the last 90 days, the stock is up 1.3%. The fair value is estimated to be AU$32.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 2.6% per annum over the same time period. Announcement • Dec 04
Premier Investments Limited Appoints Andrea Weiss as Director Premier Investments Limited announced the appointment of Andrea Weiss as Director. Date of appointment 4 DECEMBER 2023. Announcement • Oct 31
Premier Investments Limited, Annual General Meeting, Dec 01, 2023 Premier Investments Limited, Annual General Meeting, Dec 01, 2023, at 11:30 AUS Eastern Standard Time. Location: at Pullman Melbourne Albert Park 65 Queens Road Melbourne Victoria Australia Agenda: To receive and consider the Financial Report, the Directors' Report and the Auditor's Report for the 52 weeks ended 29 July 2023; to consider and Remuneration Report; to consider and Re-election of Directors; to consider Increase in maximum Non-Executive Directors remuneration; and to consider other matter also. Reported Earnings • Oct 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: AU$1.70 (down from AU$1.79 in FY 2022). Revenue: AU$1.66b (up 9.6% from FY 2022). Net income: AU$271.1m (down 4.9% from FY 2022). Profit margin: 16% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: AU$1.70 (down from AU$1.79 in FY 2022). Revenue: AU$1.66b (up 9.7% from FY 2022). Net income: AU$271.1m (down 4.9% from FY 2022). Profit margin: 16% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 22
Premier Investments Limited Announces Executive Change Premier Investments Limited announced that Mr. Richard Murray has resigned from his role as Chief Executive Officer of Premier Retail effective 15 September 2023. Mr. Murray has also resigned as Executive Director of Premier effective 21 August 2023. Mr. John Bryce, Premier Retail's long-standing Chief Financial Officer, has been appointed as interim Chief Executive Officer (Retail) effective 21 August 2023 and will continue to fulfill his CFO responsibilitiesduring this time. Mr. Bryce is well supported by Premier Retail's experienced senior management team. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$25.53, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Specialty Retail industry in Australia. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$19.41 per share. Upcoming Dividend • Jun 13
Upcoming dividend of AU$0.70 per share at 5.8% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Australian dividend payers (7.5%). Lower than average of industry peers (7.2%). Reported Earnings • Mar 27
First half 2023 earnings released: EPS: AU$1.10 (vs AU$1.03 in 1H 2022) First half 2023 results: EPS: AU$1.10 (up from AU$1.03 in 1H 2022). Revenue: AU$916.2m (up 19% from 1H 2022). Net income: AU$174.3m (up 6.5% from 1H 2022). Profit margin: 19% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year. Upcoming Dividend • Jan 03
Upcoming dividend of AU$0.79 per share Eligible shareholders must have bought the stock before 10 January 2023. Payment date: 25 January 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (5.9%). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Sylvia Falzon was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 03
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be AU$31.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings is forecast to decline by 1.3% per annum over the same time period. Reported Earnings • Oct 30
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: AU$1.79 (up from AU$1.71 in FY 2021). Revenue: AU$1.52b (up 4.3% from FY 2021). Net income: AU$285.2m (up 4.9% from FY 2021). Profit margin: 19% (in line with FY 2021). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Specialty Retail industry in Australia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Premier Investments Limited, Annual General Meeting, Dec 02, 2022 Premier Investments Limited, Annual General Meeting, Dec 02, 2022. 
