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Latest news: Earnings

Myer names ex-Qantas exec Olivia Wirth as its next CEO

Myer names ex-Qantas exec Olivia Wirth as its next CEO

The former chief executive of Qantas Loyalty will become the next Myer chief executive when current CEO John King retires in June.

Life360 soars after handily beating earnings guidance

Life360 soars after handily beating earnings guidance

Life360 soars after handily beating earnings guidance

Life360 soars after handily beating earnings guidance

Shares in fast-growing family-tracking tech company Life360 were up more than 30 per cent after it beat guidance and unveiled a new advertising business model.

Who Dat: Karoon Energy reveals record $126m profit

Who Dat: Karoon Energy reveals record $126m profit

Who Dat: Karoon Energy reveals record $126m profit

Who Dat: Karoon Energy reveals record $126m profit

Karoon Energy has posted its best-ever profit and is looking forward to more production from its oil and gas field apparently named by a New Orleans Saints fan.

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Star returns to profit, welcomes new Bell inquiry

Star returns to profit, welcomes new Bell inquiry

Star Entertainment Group has posted a $9.1 million first-half profit, but revenue was down 15 per cent as it faced increased competition and weaker spending.

Resilient travel demand propels Flight Centre earnings

Resilient travel demand propels Flight Centre earnings

Australians' insatiable appetite for travel amid falling discretionary spending has helped Flight Centre to a solid sales lift in the first half of 2023/24.

Coles CEO defends making profit, says competition tough

Coles CEO defends making profit, says competition tough

Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.

Higher interest rates clip Endeavour Group profit

Higher interest rates clip Endeavour Group profit

Endeavour Group's sales were up in the first half, but so were borrowing and lease costs for the Dan Murphy's and BWS bottle shop operator.

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Medibank half-year profit up 16pct on non-resident gain

Medibank half-year profit up 16pct on non-resident gain

Medibank half-year profit up 16pct on non-resident gain

Medibank half-year profit up 16pct on non-resident gain

Health insurer Medibank Private has reported a 16 per cent rise in first-half profit and claims customer growth has recovered from its 2022 cyber attack.

Lower fares blamed for Qantas' descending profit

Lower fares blamed for Qantas' descending profit

Lower fares blamed for Qantas' descending profit

Lower fares blamed for Qantas' descending profit

Qantas says fare cuts are behind a $183 million reduction in its first-half profit, as it unveils measures to enhance the on-board experience for passengers.

Nine dials down profit, wants social media to pay more

Nine dials down profit, wants social media to pay more

Nine dials down profit, wants social media to pay more

Nine dials down profit, wants social media to pay more

Media giant Nine blamed a 21 per cent decline in first-half profit on weaker advertising and called on social media giants to better compensate news outlets.

Domino's half-year profit drops 19pct, dividend cut

Domino's half-year profit drops 19pct, dividend cut

Domino's half-year profit drops 19pct, dividend cut

Domino's half-year profit drops 19pct, dividend cut

Domino's Pizza has had a 19 per cent fall in first-half profit and now plans to more widely apply tactics that have raised appetites in Australia.

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares were down more than seven per cent by midafternoon, on track for their worst single-day losses since late 2021.

Scentre FY earnings improve, more growth ahead

Scentre FY earnings improve, more growth ahead

Scentre FY earnings improve, more growth ahead

Scentre FY earnings improve, more growth ahead

Westfield owner Scentre Group has claimed better full-year earnings and says more growth is to come from three shopping centre redevelopments.

IAG announces $200m share buyback, raises dividend

IAG announces $200m share buyback, raises dividend

IAG announces $200m share buyback, raises dividend

IAG announces $200m share buyback, raises dividend

Insurance Group Australia says its profit from insurance was up 75 per cent to $614 million in the six months to December 31.

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Surging Kmart sales help Wesfarmers grow H1 profit

Kmart's value proposition resonated with shoppers in the first half of 2023/24, helping Wesfarmers lift its profit by three per cent to $1.43 billion.

Whitehaven H1 profit plunges after lower coal prices

Cheap Russian coal and the costs of an acquisition have hit Whitehaven Coal's first-half profit after the exporter reported a substantial fall.

Commonwealth Bank reports $5.02 billion H1 profit

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, but has raised its dividend.

Record first-half sales for Temple & Webster

Despite cost-of-living pressures, furniture e-retailer Temple & Webster says it had $254 million in first-half sales, up 23 per cent from a year ago.

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Profits halve for Kerry Stokes' Seven West Media

Net profits after tax have halved to $63 million for Kerry Stokes' media conglomerate, while revenue has dropped five per cent.

'Vaccine fatigue' dampened CSL's first-half flu sales

CSL says new vaccines against shingles and the cold virus RSV have led to fewer people being immunised against the flu, but it still managed to grow sales.

JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi shares rose five per cent in early trading after the consumer electronics retailer announced its net profit dropped 20 per cent in the first half.

Transurban half-year earnings up 7.5pct to $1.3b

Toll road operator Transurban says it had growth in all the markets it operates during the six months to December 31.

After $500m spend, IGO to mothball Cosmos nickel mine

IGO says it will place the under-developed Cosmos nickel mine it purchased just two years ago into care and maintenance mode, with layoffs expected.

Woolworths to declare $1.5b writeoff on NZ stores

Woolworths Group is writing off $1.5 billion in goodwill on the value of its NZ supermarkets after slowing sales in that country.

Did someone say KFC: cost of living fails to fry profit

Cost of living pressures haven't eaten into profits at KFC, as Australia's love of the fast food chain propelled Collins Foods to $522.9 million in sales.

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