-
We maintain our positive stance on DFI Retail (SGX:D01) as 1H26’s earnings are in line with our forecast. Post earnings update, management’s FY26 earnings guidance now ranges from US$285m-305m (from US$270m-300m previously) – slightly higher on the back of increased operating efficiency but still within our estimates.
1H26 earnings in line.
- - Read this at SGinvestors.io -
-
Revenue decline was dragged by lower food segment sales (US$1.2bn, -26% y-o-y), offset by health & beauty (US$1.4bn, +7% y-o-y), convenience (US$1.2bn, +4% y-o-y), and home furnishing (US$340m, +4% y-o-y) segments. Headline revenue for food was down due to the absence of already-divested Singapore supermarket outlets. Otherwise, revenue for the remaining food businesses registered growth of 1% y-o-y. Excluding the divested food business, overall revenue would have increased 4% y-o-y. Like-for-like sales was at 3%.
- - Read this at SGinvestors.io -
Operating margin expanded.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Alfie Yeo RHB Securities Research | https://www.rhbgroup.com/ 2026-07-29
Previous report by RHB:
2026-04-28 DFI Retail - On Track For FY28 Targets; Stay BUY.
Price targets by 2 other brokers at DFI Retail Target Prices.
Listing of research reports at DFI Retail Analyst Reports.
Relevant links:
DFI Retail Share Price History,
DFI Retail Announcements,
DFI Retail Dividend Payout Dates & Corporate Actions,
DFI Retail News
