a2 Milk raises annual forecast as China sales drive profit beat
a2 Milk raised its annual forecast Monday after a profit beat driven by strong China sales. Shares surged as the dairy firm boosted its revenue outlook.
Insights:
The a2 Milk Company Limited has raised its fiscal 2026 revenue and net profit forecasts today, following a half-year performance that exceeded market expectations. The company reported a net profit from continuing operations of NZ$112.1 million for the first half of the year, a result that surpassed the consensus estimates provided by Visible Alpha. This stronger-than-expected performance was primarily driven by robust sales within the China-and-other-Asia segment.
