PPH -13.41%: the donation management company took a hit today after downgrading guidance at the half year result. Pushpay, which has developed software to manage donation payments, administration and engagement in the faith and non-profit sectors, saw total volumes bounce back in the second quarter to post 8% revenue growth for the half at $93.5m. While margins improved, Pushpay flagged higher than expected labour costs with wage pressures being felt, leading to a downgrade of FY EBITDAFI guidance to $US60-65m, around 6% below previous expectations.
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Ausbiz: James Gerrish on results with a focus on the growth recovery in retail.
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Markets @ Midday – Wednesday 17th August – Bapcor (BAP), Super Retail (SUL), Magellan (MFG) & CSL
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Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
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Ausbiz: James Gerrish on results with a focus on the growth recovery in retail.
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Markets @ Midday – Wednesday 17th August – Bapcor (BAP), Super Retail (SUL), Magellan (MFG) & CSL
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Weekly Video Update: James & Harry cover portfolio performance for July, and Income stocks to buy here & now.
Recorded August 10th August 2022
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What Matters Today in Markets – Wednesday 17th August
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