Cheaper chicken for shoppers after Inghams’ $260m wipeout

Cheaper chicken for shoppers after Inghams’ $260m wipeout

The fallout from Woolworths cutting back the amount of chicken it buys from Australia’s biggest chicken processor sent profits sliding 10 per cent.

Inghams Shares Plunge After Disappointing Results

Inghams Group Limited (ING) has seen its shares plummet following the release of its fiscal year 2025 results, which fell short of market expectations. According to Morgans research analyst Belinda Moore, the result landed at the bottom of the company’s guidance range, with fiscal year 2026 guidance also proving materially weaker than consensus estimates. After 90 minutes of trading, Inghams shares were down 19.5 per cent to $2.87. Inghams is a …

Why did the Inghams share price just crash 22%?

The Inghams Group Ltd (ASX: ING) share price is getting slammed today. Shares in the S&P/ASX 200 Index (ASX: XJO) poultry producer closed yesterday trading for $3.55. In earlier trade on Friday, shares just crashed to $2.78 each, down 21.7%. At time of writing, shares are changing hands for $2.84 apiece, down 20.0%. The selling action follows the release of Ingham's full year financial results (FY 2025). The company noted that with FY 2024 inclu…

Inghams profits fall -10% YoY; cites challenging market and accounting rules

Ingham’s Group (ASX:ING) was down -20% to around $2.80 in late morning Friday trades as the company’s NPAT fell -10% YoY. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. Profits after tax came in at $89.8M, for which the company ‘largely’ blamed technical changes around AASB 16 reporting rules which address leases. (That’s related to the FY2…