MTS +3.54%: Upgraded profit guidance upgrade that was in line with analyst estimates, whilst also announcing a key strategic restructure in its Hardware segment. FY25 underlying profit forecast has been upgraded to $273–$277 million, with consensus figures at $274 million.
Metcash will merge its Independent Hardware Group (IHG) with Total Tools Holdings, aiming to streamline operations and improve brand coordination. Scott Marshall, current CEO of IHG, will lead the new combined Hardware pillar. A solid guidance range with a slight beat to consensus, plus a decisive restructure in Hardware to drive future operational efficiencies to drive earnings and dividend yield growth is a timely announcement with promising signs investors are beginning to sniff around for value.
MM remains long and bullish MTS
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