External broker reports(aggregated public sources), Bell Potter Securities

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations.

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External broker reports(aggregated public sources)

Bell Potter Securities

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Universal Store Holdings Ltd / Equity Bottom-Up

<ul><li>Universal Store Holdings (UNI) provided a trading update for the first 17 weeks of FY26 at their AGM: group direct-to-customer sales of +13% on pcp, like-for-like (LFL) sales on pcp of +7.7% and +13.9% for key banners, Universal Store (US) and Perfect Stranger (PS) respectively.</li><li>While some easing in growth rates was seen amidst challenging comps, gross margins (GM) were ahead of Consensus/BPe.</li><li>Fixed cost investment to support capability and the FY26 new store guidance of 11-17 across the three banners were reiterated, with some early wins in 1H new stores</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Universal Store Holdings (UNI) provided a trading update for the first 17 weeks of FY26 at their AGM: group direct-to-customer sales of +13% on pcp, like-for-like (LFL) sales on pcp of +7.7% and +13.9% for key banners, Universal Store (US) and Perfect Stranger (PS) respectively.While some easing in growth rates was seen amidst challenging comps, gross margins (GM) were ahead of Consensus/BPe.Fixed cost investment to support capability and the FY26 new store guidance of 11-17 across the three banners were reiterated, with some early wins in 1H new storesContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Universal Store (UNI): Staying “on Trend”