Latest Consumer Discretionary News

Experience Co Limited has announced a significant on-market share buy-back of up to 10% of its issued capital, signaling renewed confidence in its financial health and future prospects.

Viva Leisure has taken a strategic 33% stake in Gorilla X Labs, aiming to deepen its footprint in the sports nutrition market and enhance member offerings across its platforms.

Restaurant Brands posted record FY24 sales and margin improvements, powered by strong growth in New Zealand and digital innovation, while facing ongoing challenges in Australia and California.

Restaurant Brands posted a record $1.4 billion in sales for FY24, alongside a 62.6% surge in net profit, despite ongoing inflation and economic uncertainty. The company remains cautious on FY25 guidance but is focused on margin improvement and strategic growth.

Webjet Group Limited reported a stable FY25 EBITDA of $39.4 million despite a 7% decline in bookings driven by soft domestic flight demand. Growth in international bookings and strategic investments underpin a confident outlook.

Domino’s Pizza Enterprises announces the departure of long-serving ANZ CEO Kerri Hayman in August 2025, with Greg Steenson appointed as the new Chief Operating Officer to lead the next growth phase.

Webjet’s board has unanimously dismissed BGH’s unsolicited acquisition offer, citing undervaluation and significant uncertainties. The company remains open to proposals that better serve shareholder interests.

Aristocrat Leisure Limited has announced an ordinary unfranked dividend of AUD 0.44 per share for the six months ending March 2025, with key dates set for May and July.

BGH Capital has made an unsolicited, non-binding proposal to acquire a controlling interest in Webjet Group at $0.80 per share, signaling potential shifts in ownership for the travel services company.

A significant shareholder has lodged an application with the Takeovers Panel challenging Pact Group Holdings’ proposed delisting from the ASX, alleging misleading reasons and coercion of minority investors.

Webjet Group Limited has confirmed awareness of an undisclosed buyer seeking to acquire a significant stake in the company, coinciding with a recent 5% jump in its share price and heightened trading volumes.

NTAW Holdings has terminated its Australian Dunlop tyre distribution agreements, entering new contracts with Sumitomo Rubber Industries and Goodyear entities, while continuing Dunlop distribution in New Zealand. The move marks a strategic pivot as NTAW aims to grow other business units and reduce costs.