Consumption crunch: What’s in store for Hallenstein Glassons, Michael Hill, Fletcher

Investors and the Reserve Bank are bracing for evidence of an economic and earnings slowdown as companies begin revealing their finances from today.

Listed company reporting season kicks off today with Contact Energy’s result, followed by Fletcher Building, Spark and Skellerup later this week.

Over the remainder of August, about 30 businesses will show their numbers for the year or six months to the end of June, and executives will explain how their firms are faring in their respective industries.

Next week is monstrous, with investors expected to closely watch results from Air New Zealand, a2 Milk, SkyCity, Ebos Group, Sky Television, retailers Michael Hill International and Hallenstein Glasson Holdings.

“It’s going to be an interesting one,” Craigs Investment Partners senior analyst Mohandeep Singh told Markets with Madison.

“We’re going into it at a time when the Reserve Bank is actually trying to slow the economy down.”

Recent updates from companies showed margins were under pressure due to higher costs but sales volumes had held up. Singh expected that strength to start deteriorating, specifically for retailers and construction companies.

Watch Mo reveal the stocks he’s watching this earnings season and why, in today’s episode of Markets with Madison above.

Plus, Property for Industry chief executive Simon Woodhams explains how it’s passing on higher costs with near 30 per cent rent increases to its industrial tenants, including Mainfreight, DHL, Fisher & Paykel Appliances and Fletcher Building.

Get investment insights from the experts on Markets with Madison every Monday and Friday on the NZ Herald.

Disclaimer: The information provided in this programme is of a general nature, and is not intended to be personalised financial advice. We encourage you to seek appropriate advice from a qualified professional to suit your individual circumstances.

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Madison Reidy is the host of New Zealand’s only financial markets show Markets with Madison. She joined the Herald in 2022 after working in investment, and has covered business and economics for television and radio broadcasters.