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.

洞察:
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.
A2 milk is seen on a supermarket shelf in Singapore on April 16, 2018. Picture taken April 16, 2018. REUTERS/Thomas White
A2 milk is seen on a supermarket shelf in Singapore on April 16, 2018. Picture taken April 16, 2018. REUTERS/Thomas White
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