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Brambles Limited (ASX:BXB)

ALERT: Price-sensitive ASX Announcement for BXB
Current share price for BXB : $18.730 -3.37 (-15.25%)+
Announcement
Release
18 May 2026 8:23AM
Price at Release
$22.100
Full Release
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Summary
Brambles Limited has revised its FY26 guidance due to repair capacity constraints in parts of its US service centre network, primarily affecting the company's ability to meet higher than anticipated customer demand. These constraints have resulted in increased costs and a revised sales revenue growth forecast of 2-3% and underlying profit growth of 3-5%, both at constant FX rates. Brambles has initiated measures to improve service levels, including increasing pallet relocations, adding repair capacity, and purchasing new pallets. Despite these challenges, Brambles announced a new US$400 million on-market share buy-back, reflecting confidence in sustained free cash flow generation. The company's commitment to customer service and long-term sustainability remains intact, with continued investments in digital and automation initiatives.
Key Points
  • Brambles revised FY26 sales revenue growth to 2-3% due to US constraints.
  • Underlying profit growth forecast reduced to 3-5% amid increased costs.
  • Initiatives include increasing pallet relocations and repair capacity.
  • New US$400 million share buy-back announced.
  • Challenges linked to subcontractor turnover and labor availability.
  • Brambles remains committed to customer service and sustainability.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.