By Matt Bell
Wilson Asset Management small-to-mid cap portfolio manager Tobias Yao says A2 Milk has continued to deliver strong growth and is a testament to the management teams’ execution over the last few years.
It came as upgraded its 2026 fiscal year revenue guidance after stronger-than-expected trading across its core product categories and favourable currency movements. The company said infant milk formula, other nutritional and liquid milk were all performing ahead of expectations. A weaker New Zealand dollar is also expected to lift reported sales and expenses, though the net impact on EBITDA – after hedge losses – is not expected to be material.
“We believe the strength of the brand continues to resonate with consumers both in Australia as well as China and A2 is well on its way to succeeding in other countries over time,” Yao said.
Shares in A2 Milk were down 1.4 per cent in afternoon trade.
Licensed by Copyright Agency. You must not copy this work without permission.
