0206 GMT - Baby Bunting's second-quarter performance leaves Citi analyst Sam Teeger wondering whether the baby-goods retailer is conservative with its annual sales guidance. Teeger suggests that the Australian company might be cautious given factors including the Australian dollar's weakness and a soft consumer backdrop. He nonetheless points out in a note to clients that company guidance assumes like-for-like sales growth over the full fiscal year of no more than 3%, compared with on-year growth of 4.5% in the second quarter. Citi has a neutral rating and a A$1.98 target price on the stock, which is up 12% at A$1.765. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 21:06 ET (02:06 GMT)
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