Reece Ltd

REH: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Reece Earnings: Paying for Sales Growth Through Store Expansion

Esther Holloway

Feb 23, 2026

Reece's first-half fiscal 2026 EBIT of AUD 262 million was 14% lower year on year. Revenue, 6% higher, was supported by new-store growth. A 130-basis-point EBIT margin decline was due to higher operating costs, mostly to support its store expansions. Shares rose about 15%.

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Reece Ltd

Reece Earnings: Paying for Sales Growth Through Store Expansion

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