BUZZ-Australia's Breville slides to over 8-month low; UBS cuts FY26 gross profit outlook

Reuters

04-04

** Breville Group BRG.AX slides 10.2% to A$26.96, lowest since July 19, 2024

** Stock set for biggest one-day pct drop since February 13, 2024

** UBS cuts FY26 gross profit estimate by 7%

** Co sees group's FY26 input costs likely rising following U.S. reciprocal tariffs

** However, does not anticipate any impact from tariffs on FY25 results

** Stock rated "hold" on avg; median PT is A$35.44, per data compiled by LSEG

** BRG loses ~24% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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