Business
What to expect from the a2 Milk (ASX:A2M) half year result
With earnings season now underway, I have been looking at what is expected from some of Australia’s most popular companies.
On this occasion, I’m going to take a look a struggling infant formula and fresh milk producer A2 Milk Company Ltd (ASX: A2M).
What is expected from A2 Milk Company in the first half?
The former market darling is expected to have struggled during the first half of FY 2021 due largely to weakness in the daigou channel.
As a result, analysts at Goldman Sachs are forecasting a sharp decline in both sales and earnings for the period.
According to the note, the broker expects a2 Milk to deliver first half revenues of NZ$676.6 million. This will be a 16% decline on the prior corresponding period. This is despite…
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