Up 21% This Year, How Much Further Upside Does Macquarie Tip for Metcash Shares?

Up 21% this year, how much further upside does Macquarie tip for Metcash shares?

Metcash Ltd (ASX: MTS) shares have risen an impressive 21% for the year to date.  That's significantly ahead of the S&P/ASX 200 Index (ASX: XJO), which is up around 3% over the same time frame. Metcash is a wholesaler and retailer in the consumer staples sector, operating in the food, liquor, and hardware businesses.Its food business supplies IGA supermarkets around Australia, while the liquor segment supplies independent retailers such as Cella…

Metcash sees growth underpinned by food pillar expansion

Metcash’s food sales soared 20.8 per cent to $8.8 billion in the year to March 31, a boost the company attributed to the strong performance of its supermarkets and Campbells & Convenience businesses, along with the acquisition of Superior Foods.  Food division EBITDA rose by 24.5 per cent. The company achieved strength in its sales to IGA supermarkets and convenience stores, despite a significant drop in tobacco sales, which it attributed to a r…

Metcash sees growth across the board, bolstered by grocery business

Metcash’s group revenue for this financial year was up from $15.9 billion to $17.3 billion, an 8.9 per cent increase from the previous year.

Independents lead sales growth for Metcash

Metcash has released its financial year 2025 results today, reporting that total liquor sales increased 3.4 per cent to $5.3bn, as independents continued to outperform the market led by the IBA network. Sales growth accelerated in the second half, which Metcash says was “underpinned by continued shopper preference for the convenience and quality of the independents’ differentiated offer”. There were further promising signs for the market in the …