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Premier Investments Limited ( (AU:PMV) ) has provided an update.
Premier Investments Limited reported a 31.13% increase in net profit for the fiscal year ending July 2025, attributed to both continuing and discontinued operations. The company completed a significant transaction with Myer Holdings Limited, selling its Just Group Limited apparel brands in exchange for Myer shares, which were distributed to Premier shareholders. This transaction resulted in a reclassification of its apparel brands as discontinued operations, while continuing operations include Peter Alexander, Smiggle, and investments in Breville Group Holdings Ltd. Despite the profit increase, the profit from continuing operations after tax decreased by 22.53%, influenced by costs associated with market entry and business separation.
The most recent analyst rating on (AU:PMV) stock is a Buy with a A$24.00 price target. To see the full list of analyst forecasts on Premier Investments Limited stock, see the AU:PMV Stock Forecast page.
More about Premier Investments Limited
Premier Investments Limited operates in the retail industry, focusing on apparel and specialty retail brands. Its primary products include clothing and accessories through brands such as Just Jeans, Jay Jays, Portmans, Dotti, Jacqui E, Peter Alexander, and Smiggle. The company also has investments in Breville Group Holdings Ltd and holds property assets and cash holdings.
Average Trading Volume: 266,044
Technical Sentiment Signal: Hold
Current Market Cap: A$3.38B
Find detailed analytics on PMV stock on TipRanks’ Stock Analysis page.