Following four years of strong earnings growth, Breville’s dream run seemed to halt in 2014. BRG had set the bar high, and when expectations weren’t met, BRG was punished. From a peak of just under $10, its share price retreated to circa $6.50.
While full year guidance wasn’t provided at last week’s AGM, with management noting the relative importance of November/December trading, it may pay prospective investors to view the 2015 period as a launching pad, which should see the company position itself for strong medium term growth from its overseas operations.
Looking forward to 2016/17, BRG’s buoyant outlook could see its share price return to the good old days.