Tiger Brokers

BUZZ-Citi lifts profit outlook for Australia's Baby Bunting on upbeat comparable sales

Reuters
May 02, 2025
BUZZ-Citi lifts profit outlook for Australia's Baby Bunting on upbeat comparable sales

** Analysts at Citi raise Baby Bunting Group's BBN.AX FY25 to FY27 forecast for core NPAT by 4% to 6%, citing better-than-expected comparable sales momentum

** Baby goods retailer on Thursday said it expects FY25 comparable store sales growth is in the range of 2% to 3%

** Posts 3.7% rise in 2H FY25 comparable store sales

** Co also increased the lower end of its FY25 pro forma NPAT guidance to be in the range of A$10 million ($6.38 million) to A$12.5 million

** However, brokerage marginally cuts target price by 1 AU cent to A$2.41 per share

** BBN rated "hold" on average; median PT is A$2.03 per share — data compiled by LSEG

** Stock last up 0.9% YTD

($1 = 1.5672 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))

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