A2 Milk Co. has warned of shortages of China-label infant formula, which have prompted the New Zealand business to lower the group’s sales and profit forecasts. Fiscal 2026 sales across listed A2 Milk’s operations are now expected to rise by low-to-mid double-digit rates compared to a mid-double-digit increase provided in February, when the company raised its guidance. Net profit after tax is likely to be “similar” or down on 2025 versus the previous forecast for a rise, while the EBITDA margin estimate ...