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Premier Investments Limited (ASX:PMV)

ALERT: Price-sensitive ASX Announcement for PMV
Current share price for PMV : $14.520 2 (15.97%)+
Announcement
Release
20 Mar 2026 8:40AM
Price at Release
$12.520
Full Release
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Summary
Premier Investments Limited reported a statutory NPAT of $101.7 million and PBT of $141.9 million for the first half of 2026, with a strong performance from Peter Alexander which saw sales increase to $312.3 million, growing 4.9% year-over-year. Smiggle, however, faced a 10.7% decline in sales to $140.5 million. The retail segment achieved an EBIT of $119.3 million and maintained a 26.4% EBIT margin. The company declared a fully franked interim dividend of 45 cents per share. Strategic initiatives for Smiggle include a brand realignment to target the 6-12 age demographic, while Peter Alexander's loyalty program, Peter's Dreamers, was a key driver of sales. Inventory management was effective, resulting in a 1.9% reduction in inventory levels. Leadership changes and strategic reviews were implemented to support future growth.
Key Points
  • Premier Investments Limited reported NPAT of $101.7 million for 1H26.
  • Peter Alexander achieved sales of $312.3 million, up 4.9% on 1H25.
  • Smiggle's sales decreased by 10.7% to $140.5 million.
  • Premier Retail's EBIT was $119.3 million with a margin of 26.4%.
  • The group declared an interim dividend of 45 cents per share.
  • Smiggle plans to realign its brand identity towards the 6-12 age group.
  • Peter Alexander's loyalty program, Peter's Dreamers, significantly contributed to sales.
  • Premier Retail experienced a clean inventory position, with inventory down 1.9% from the previous year.
  • Strategic reviews and leadership changes were made to focus on growth.
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.