Brambles Ltd
BXB: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| ^V | LOCK|>r | LOCK|BC##n#? |
Brambles: Focus on Core Initiatives Paves Way for Steady Growth in Fiscal 2025
Wide-moat Brambles’ fiscal 2025 is shaping up to be another high-performing year. The first quarter saw a 3% constant-currency sales growth to USD 1.7 billion versus the previous corresponding period. We note strong momentum in the Americas with 5% sales growth, underpinned by price rises of 4%. We expect the latter to stabilize over the remainder of fiscal 2025, with most of the increase resulting from rollover benefits from fiscal 2024. However, we still expect fiscal 2025 margin improvement via scale benefits and digitization.
