Analysts still cautious on A2 Milk

The outlook is positive but uncertainty is high. (Image: Supplied)

Wed, 23 Feb 2022

A2 Milk’s result may have been better than expected but analysts aren’t leaping to upgrade their ratings. Earlier this week, A2 Milk said revenue for the six months to Dec 31 was $660.5 million, in line with its guidance and better than many had expected. Importantly, however, its revenue outlook for the six months to June 30 – and the full year – improved, but chief executive David Bortolussi said it wouldn’t lead to a material increase in profit as it was ramping up its marketing spend. The cost o...

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