2210 GMT - Early signs of a turnaround at Baby Bunting remain intact, says Ord Minnett following the retailer's 1H result. Baby Bunting reported a 1H proforma net profit of A$4.8 million and said trading remained solid in the first seven weeks of 2H, with like-for-like sales slowing only slightly compared to 2Q. It reaffirmed guidance for a FY 2025 proforma net profit of A$9.5 million-A$12.5 million. Ord Minnett's forecast is a touch above the midpoint of that range at A$11.2 million. "Overall, Baby Bunting is making positive progress on improving sales, operating margins and profit momentum," analyst James Casey says. "With early signs of turnaround emerging, we maintain our positive recommendation." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 17, 2025 17:10 ET (22:10 GMT)
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