07/03/2025 09:23

Breville Group (BRG) $32.86

The electrical consumer appliance business has corrected almost three times the ASX; BRG was looking good when it reported last month, except for the unknown impact of tariffs, i.e. almost 50% of BRG’s revenue came from the Americas in 2024.

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11/02/2025 17:06

Breville Group (BRG) $36.89

BRG –2.2%: Reported well, flagged solid topline momentum into 2H25 however still moved lower, a trend we have seen in growth names with stretchy valuations this reporting season. 

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13/02/2024 16:46

Breville Group (BRG) $25.00

BRG -8.49%: the appliance manufacturer reported a softer-than-expected set of first-half numbers today, Revenue of $906m missing expectations by 5%& Profit around a 2% miss to consensus.

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03/08/2023 09:39

Breville Group Ltd (BRG) $23.12

Appliance business BRG was the market’s 2nd best performer yesterday advancing +1.6% amongst a sea of red. The stock has been in a fairly tight range for more than a year and we can’t see that changing ahead of its earnings report on the 21st.

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06/06/2023 09:36

Breville Group Ltd (BRG) $19.90

Household name Breville (BRG) was a very popular stock post-COVID but it’s fallen over the last 18 months as the appliance manufacturer has struggled to deliver on revenue with weakness in Europe, the Middle East and Africa as the contribution out of Ukraine constrained sales. Unlike NEC Breville doesn’t reward patient investors as it only yields ~2%, less than the bank! • We see no hurry to pick the turnaround time for BRG, especially as in our opinion it’s not cheap trading above 26x 2023 estimated earnings.

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14/02/2023 16:55

Breville Group (BRG) $20.68

BRG -4.7%: a mixed set of results for the appliance manufacturer today with the market focussing on the negatives. Revenue was a big miss on weak Europe, Middle East and Africa (EMEA).

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23/12/2022 09:17

Breville Group (BRG) $18.66

Electrical consumer manufacturer BRG delivered a solid result back in August but the concerns towards consumer spending, with a recession likely to be looming in 2023/4, have weighed heavily on the stock with its valuation slipping to 23.1x FY23 earnings i.e. still not overly cheap and a one days +3.6% bounce isn’t garnering our attention.

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23/08/2022 17:34

Breville (BRG) $21.45

BRG -0.09%: Mostly an inline result across key metrics, profit up 16% was good with the Americas strong and getting better in the 2H, but weakness elsewhere. They do have an elevated inventory position that we knew about, although it does seem particularly high. They stressed that their products are not seasonal and will not need to be discounted in future. A solid update nonetheless but a few moving parts here ATM.

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26/05/2022 08:38

Breville Group (BRG) $20.00

Unlike News Corp kitchen appliance company BRG did actually breakdown to levels not seen since 2020, even after the board recently reconfirmed FY22 guidance although they could be too optimistic around supply chain issues. While we believe the company can deliver double digit growth over the next few years a large part of this is already factored into the share price hence at this stage we’re comfortable sticking on the sidelines.

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17/08/2021 08:00

Reporting Today (ARB, BHP, BRG, BXB, CL1, DHG, DXS, EML, SGM, MFG, SCP)

Companies reporting today on MM’s radar include: BHP Billiton (BHP) FY21 Results: Result due out aftermarket today with expectations for revenue of $US59bn, EBIT of $US30.06bn, NPAT of $US17.14bn (up 96% on FY20), EPS of $US3.43, FY Dividend $US2.99. Market currently pricing NPAT for FY22 of $US15.61bn, a jump of 17%.

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