Jarden lifts its rating on Briscoes Group to overweight

Briscoes is performing well in a difficult retail environment. (Image: Dean Purcell)

Mon, 05 Feb 2024

Jarden is upbeat on retail chain Briscoe Group and lifted its rating from neutral to overweight. The investment house said Briscoes had delivered a strong result against difficult retail conditions.That highlighted the operational quality of the business, such as in cost control and inventory management."[Briscoes Group] has illustrated clear market share gains over the past 12 months while delivering on cost measures with further opportunity as it continues to invest in its supply chain."Based on Briscoe Group's earnings updates...

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