Business
Why the Breville (ASX:BRG) share price is charging 7% higher today
The Breville Group Ltd (ASX: BRG) share price is on the move this morning following the release of its first half results.
At the time of writing, the appliance manufacturer’s shares are up 7% to $32.85.
How did Breville perform in the first half?
For the six months ended 31 December, Breville reported a 28.8% increase in revenue to $711 million. This comprised Global Product revenue growth of 34% to $592.9 million and Distribution revenue growth of 7.9% to $118.1 million.
Management advised that its strong top line performance was driven by growth in all regions and categories. This was supported by the working from home (WFH) and premiumisation trends, as well as its operational decision to invest in inventory in May following…
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