0240 GMT - Breville's investment in its direct-to-consumer coffee-bean subscription service seems to be paying off, Citi analyst Sam Teeger says. He tells clients in a note that the volume of coffee delivered to customers in Breville's fiscal first half rose 71%, and points out that the Australian small-appliance manufacturer appears optimistic. Teeger doesn't expect the Beanz business to be a meaningful near-term share-price driver without increased marketing or M&A, but likes the low-cost model of connecting third-party roasters to customers. Citi has a neutral rating and A$38.20 target price on the stock, which is up 0.8% at A$32.39. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 22:40 ET (02:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.