The Brambles Ltd (ASX: BXB) share price is in focus today after the supply chain giant reported sales revenue of US$7.04 billion, up 2%, and underlying profit of US$1.49 billion, up 4% for the year ended 30 June 2026.
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What did Brambles report?
- Sales revenue: US$7,042.9 million, up 2% (constant FX)
- Underlying profit: US$1,494.4 million, up 4% (constant FX)
- Operating profit after tax: US$948.5 million, up 5% (constant FX)
- Basic EPS (continuing operations): 69.9 US cents, up 6% (constant FX)
- Final dividend: 23.15 US cents per share (total FY26 dividends up 16% on FY25)
- Free cash flow before dividends: US$1,048.2 million
What else do investors need to know?
Brambles navigated a year marked by persistent inflation and softer consumer demand, especially across its major US and European markets. The company faced operational challenges in the US during the fourth quarter, including repair capacity constraints that created service level issues and dented underlying profit by about US$90 million.
Despite these headwinds, Brambles invested in network upgrades and additional pallet purchases to improve availability and service quality for customers, with clear plans to boost repair capacity and resilience in the US. Strong demand from new customers and momentum in digital and sustainability initiatives continued across key markets.
What did Brambles management say?
Brambles CEO, Graham Chipchase, commented:
We delivered a resilient FY26 result, growing earnings and generating strong free cash flow while advancing initiatives across quality, network and digital that strengthen our long-term competitive advantage and support future growth and value creation.
Our actions are already delivering positive results, with customer order fulfilment improving materially since mid-April. We remain on track to resolve the repair capacity constraints by the end of the first half of FY27 and position our US business to strengthen customer relationships and pursue growth, with quality as a key source of competitive advantage.
What's next for Brambles?
Looking ahead, Brambles expects sales revenue growth of 2–4% and underlying profit growth of 2–6% at constant currency in FY27. Free cash flow before dividends is forecast between US$800 million and US$950 million.
The company is focused on resolving US repair constraints, accelerating digital transformation, and supporting customers with resilient, efficient supply chains. A decision on a potential North American rollout of its Serialisation+ digital solution is expected in the third quarter of FY27. Brambles also reaffirmed its FY28 margin expansion target and plans to complete its current share buy-back program.
Brambles share price snapshot
The Brambles share price has been a poor performer over the past 12 months. During this time, its shares have fallen 16%, compared to a modest 1.5% gain by the S&P/ASX 200 index (ASX: XJO).
