Baby Bunting Delivers Strong Profitability Growth

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Baby Bunting Delivers Strong Profitability Growth

Baby Bunting Group Limited (ASX: BBN) reported statutory net profit after tax of $4.8 million for the 26 weeks to 29 December 2019. On a pro forma basis, NPAT was $7.5 million and EBITDA was $14.3 million, up 21.7% on the prior corresponding period.

  • The company reported total sales of $186.4 million, up 8.1% on the prior corresponding;
  • Gross margin up 223 basis points to 36.9% and are expected to reach 37% in FY20;
  • The company declared fully franked interim dividend of 4.1 cents per share.

At AEST 01:01PM, the stock was trading at $3.460 per share, down by 8.947% from its previous close.

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