KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Key Financial Highlights Q4 adjusted EPS: $0.15 (missed estimates of $0.17) Revenue: $1.098 billion (beat expectations of $1.086 billion) 2025 Guidance: Adjusted EPS: $0.70-$0.75 (below analyst estimate of $0.94) Revenue: $4.7B-$4.8B (vs. analyst forecast of $4.73B) Restructuring Plan & Job Cuts Company announced job cuts, canceled warehouse projects, and terminated leases for stores in "suboptimal" locations. The goal is to streamline operations and position the company for long-term growth . Market Reaction Stock plunged 13.3% after hours to $13.65 as investors reacted to the earnings miss and cautious outlook. CEO's Take Chairman Eric Lindberg emphasized that despite setbacks, the company is focused on key strategic initiatives to strengthen its foundation and support future growth. Summary: Q4 EPS miss and weak 2025 guidance triggered a 10%+ drop in Grocery Outlet stock. Restructuring efforts include job cuts and canceled store ex...