Auto retailer Bapcor on the skids after profit downgrade
The company sources 8% of its revenue from New Zealand, but profits and revenue went into reverse in 2025.
Citi analysts have lowered their forecasts for the performance of the company's New Zealand division.
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Shares in ASX-listed retailer Bapcor, which operates the Midas and Battery Town brands in New Zealand, plunged 20% yesterday after the company issued a second profit warning this year.
Bapcor forecast a 2026 first
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