BUZZ-Australia's Nick Scali eyes worst day in 11 months on bleak forecast

Reuters

Oct 21, 2024

** Shares of Nick Scali fall as much as 8.7% to A$13.80, their biggest intraday fall since late Nov 2023

** Stock hits lowest level since July 16

** Furniture retailer sees sales revenue for Australia and New Zealand between A$217 mln ($145.54 mln) and A$222 mln for H125

** Co sees NPAT for Australia and New Zealand between A$30 mln to A$33 mln in H1

** Co posted revenue of A$226.6 mln and NPAT of A$43.0 mln in HY24

** Stock up 22.7% YTD as of last close

($1 = 1.4910 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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