4Q26 First Take: Sales beat but costs higher; FY27 guidance broadly in line

Research evidence excerpt

4Q26 First Take: Sales beat but costs higher; FY27 guidance broadly in line

Jonathon Sharp AC Asia Pacific Equity Research

(61 2) 9003-8312 28 July 2026 J P M O R G A N

jonathon.sharp@jpmorgan.com

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