Morgans Blog | Morgans

Australian Retail Sales: November 2023 - Black Friday delivers for retailers

10 January 2024, 8:00 AM

The Australian Bureau of Statistics (ABS) has reported that seasonally adjusted retail sales were $36.5 billion in November 2023, the highest monthly sales number ever reported.

Consumer Discretionary: End of year model updates

By Alexander Mees

19 December 2023, 8:00 AM

We have updated our earnings estimates and target prices for all the companies in our consumer discretionary universe following the trading updates provided during the recent AGM season and recent movements in FX rates.

ALS: Resilience sets up a bright future

By Alexander Mees

17 November 2023, 8:00 AM

ALS (ASX:ALQ) 1H24 underlying NPAT surprised to the upside, aided by FX and acquisitions.

Australian Retail Sales: September 2023 - Hot Spring

By Alexander Mees

31 October 2023, 8:00 AM

Retail sales grew by 0.9% in September on August 2023, which was greater than consensus expectations of +0.3%.

Discretionary Retail: AGM preview - Sales momentum stalling, but value exists for the patient investor

By Alexander Mees

10 October 2023, 8:00 AM

It is a difficult environment for all discretionary retailers in Australia. A long period of inflationary pressure on the cost of living has sapped consumer demand and exacerbated uncertainty about future trading patterns.

Discretionary Retail: Who is giving customers what they want?

By Alexander Mees

02 October 2023, 8:00 AM

We are in a new era of ‘cost-conscious and clued-up’ consumers, prepared to spend time researching products online to ensure they get value for money.

Australian Retail Sales: August 2023 - Treading water

By Alexander Mees

28 September 2023, 8:00 AM

The Australian consumer appears to have run out of steam. Retail sales for August were up just 0.2% month-on-month (m/m) which was slightly below consensus expectations of +0.3%.

Consumer Discretionary: Reporting Season Wrap

By Alexander Mees

22 September 2023, 8:30 AM

Morgans Head of Research Alex Mees gives a reporting season wrap-up with the earnings of discretionary retailers generally exceeding our expectations during the FY23 reporting season, driving a positive inflexion in share prices.