Premier Investments Ltd
PMV: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.p% | LOCK|&? | LOCK|^wNh&n$ |
Premier Investments: UK Exit a Set Back for Peter Alexander's Global Expansion Ambitions
Premier Investments sales declined 2% year-on-year. Unaudited underlying EBIT of AUD 176 million is down 10% year-on-year, missing prior guidance by 4%. Unable to replicate the success of the core Peter Alexander brand in the United Kingdom, it is closing all three physical stores there.
