Inghams Group Ltd
ING: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.40 | Vph | Fttdjyck |
Inghams Earnings: Demand Is Strong, but Unfavorable Mix Is a Headwind
No-moat Inghams is enjoying a positive start to fiscal 2024. Conditions are favorable, with core poultry volumes and net selling prices up. Revenue growth is also outpacing input cost inflation, notably feed costs, which appear to have stabilized. First-half underlying EBITDA rose 20% on the previous corresponding period.