Consumer Discretionary

Infant formula distributor Bellamy’s Australia issued a substantial downgrade to forecasts and brokers shave large chunks off growth expectations, while defending a2 Milk.

Footwear retailer and distributor RCG Corp, has reiterated earnings guidance for FY17, signalling low growth in its key brands.

Department store Myer flagged a positive performance in the first quarter but most brokers are wary of the headwinds prevailing in retailing.

Domino’s Pizza impressed most brokers with its AGM update, revising up long-term margin targets and earnings growth guidance.

Monthly employment numbers; consumer spending; slot manufacturers; real estate listings slowing; momentum in NBN share; is it too early to ditch yield stocks?

KFC franchisee, Collins Foods, has embarked on an expansion in Europe, acquiring 11 stores in Germany. Brokers are upbeat about the potential.

Health product manufacturer Blackmores had a very weak September quarter and does not expect to match its FY16 performance in FY17.

Woolworths delivered improvement in supermarket sales in the September quarter but brokers believe the hard yards remain ahead of the business.

Brokers raise the spectre of whether soft September quarter sales numbers for Wesfarmers, particularly at Coles, are a sign of more weakness to come.

Sales for Super Retail were soft in the September quarter as the company continues to take action to address problematic parts of its leisure, automotive and sports businesses.