BUZZ-Australia's Baby Bunting jumps on stronger HY results, maintaining FY25 view

Reuters
01-15

** Shares of Baby Bunting rise 7.6% to A$1.70, their highest level since Jan 8

** Stock rose as much as 11.1% earlier in the day, marking its biggest intraday gain since Aug. 20

** Maternity and baby goods retailer posts 1H FY25 group proforma NPAT of A$4.8 mln($2.97 mln), up 37% vs pcp

** Co reaffirms FY25 guidance

** Citi says BBN's update "should give investors incrementally more confidence that the turnaround is gaining momentum, however we don't think material EPS revisions are likely"

** Stock up 1.2% this year, including the day's move

($1 = 1.6166 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com;))

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