2233 GMT - Baby Bunting fell short of its FY26 earnings goal, but it delivered a solid outcome nonetheless, Ord Minnett says. Baby Bunting expects an annual profit of A$16 million-A$17 million, with 2H earnings up as much as 64%. Gross margins are expected to be above 41%, underpinned by strong growth from its store refurbishment program. Analyst James Casey says Baby Bunting's performance held up well given retail headwinds that include three consecutive interest-rate hikes and consumer confidence at record lows. Ord Minnett lowers FY26-28 estimates by 5% to 9%. "Following recent share price weakness, we upgrade our recommendation to Buy (from Accumulate) with a price target of A$2.30," it says. Baby Bunting ended Wednesday at A$1.47. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 24, 2026 18:33 ET (22:33 GMT)
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