Australia's Brambles posts worst day since November 2002 after lowering outlook on US curbs

May 18 (Reuters) - Australia’s Brambles BXB.AX trimmed its full-year underlying profit growth outlook on Monday due to U.S. subcontractor repair-capacity constraints, triggering a sharp sell-off that led to its shares posting their biggest intraday drop since November 2002.

The logistics group now expects full-year 2026 underlying profit growth of just 3%-5% on a constant-foreign-exchange basis, sharply downgraded from its earlier 8%–11% outlook.


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