Key highlights

  • Premier reported FY26 PBT of $211.1 million and statutory NPAT of $129.2 million in its 24 September 2026 release.
  • Premier Retail EBIT was $175.9 million, in line with 12 August 2026 guidance, with a 22.1% EBIT margin.
  • The final Dividend was 36 cents, fully franked, taking FY26 dividends to 81 cents.

On 21 October 2026, Premier Investments Ltd (ASX:PMV) finished the session at $13.22, up 0.23%. The S&P/ASX 200 Consumer Discretionary [XDJ] ended at 3,741.90 (+0.34%, +12.50 points), the S&P/ASX 200 [XJO] at 8,831.30 (+0.16%) and the All Ordinaries at 8,956.60 (+0.14%) at 5:00 pm GMT+11. Premier Investments owns the Peter Alexander and Smiggle retail brands and a holding in Breville Group.

What Premier Investments does

Premier Investments Limited owns and operates the Peter Alexander sleepwear and lifestyle Brand and the Smiggle stationery brand, and holds an equity-accounted Investment in Breville Group.

FY26 results

In an announcement dated 24 September 2026 for the 52 weeks ended 25 July 2026, Premier reported profit before tax excluding significant items of $211.1 million and statutory NPAT of $129.2 million. Premier Retail EBIT was $175.9 million, with sales of $795.5 million, comprising $565.3 million at Peter Alexander and $230.2 million at Smiggle. Gross Margin was 65.2% and EBIT margin was 22.1%.

Brands, investments and dividend

Peter Alexander reported record sales and its Peter’s Dreamers loyalty program attracted more than 1.4 million members in ten months. Smiggle delivered the relaunch initiatives announced in March 2026. The company said discretionary retail conditions were very challenging in the second half, especially in the later months. Premier’s Breville shares had a Market Value of $1.08 billion ($384.2 million on the balance sheet), and it held $391.4 million of cash. The final dividend was 36 cents, fully franked, for a total of 81 cents, and the on-market buy-back continues.

Sector context

Consumer discretionary companies depend on household spending, travel, leisure and housing activity, and they are tracked through the S&P/ASX 200 Consumer Discretionary index, which closed at 3,741.90, up 0.34%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Specialty retail results depend on peak trading periods such as Black Friday and Christmas, and on discretionary spending.

Risks and uncertainties

The company describes very challenging discretionary retail conditions, and Smiggle is in a relaunch phase. Earnings include equity-accounted income from Breville, whose results vary with currency, tariffs and demand, and consumer spending and cost pressures can affect outcomes.

Catalysts to watch

Items to watch include peak-period trading, Smiggle’s relaunch progress, Breville’s results and the buy-back.

Closing perspective

Premier’s 24 September 2026 release recorded profit in line with guidance and a maintained dividend structure. The first-half trading period will be a key reference.