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…
-
Noosa News23 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Business21 hours agoThis ASX 200 mining stock is eyeing the lithium throne
-
Noosa News19 hours agoDriver arrested after life-threatening hit-and-run on outskirts of Ipswich, Queensland
-
General21 hours agoTrump threatens Aussie medicines with bitter tax pill