Peter Alexander will surge ahead in fiscal 2020, according to equity research from Goldman Sachs.
Parent company Premier Investments is expected to see apparel sales fall 26.2% in the second half or 9.5% for the full year due to store closures.
Peter Alexander sales however, are forecast to be up 13.2% in FY20, as analysts expect the product category to benefit from the stay at home trend.
Smiggle sales are also expected to be down 23% yoy in 2H20 having been impacted by the various levels of lockdowns across all countries and also the limited school season.
Overall, Goldman Sachs expects group net profit to be between $139 million to $152 million.
It also expects the balance sheet at the end of FY20 to be strong with a net cash position of A$153.4 million.
In August, Solomon Lew's Premier Investments forecast record profit for the 2019-20 financial year, helped by online sales as well as rent and wage relief subsidies.
Premier said it expects its full-year earnings before interest and tax (EBIT) to be between $184.8 million and $185.8 million, about an 11% increase on the prior year