Baby Bunting Group Limited’s Online Sales up 17.3%, Amid COVID-19

May 19, 2020 12:30 PM AEST
Team Kalkine

Baby Bunting Group Limited (ASX:BBN) notified the market about its business update, as follows.

All stores of the Company are operational with all necessary measures in place such as hygiene and social distancing.
From 30 December 2019 to 17 May 2020, following is the business performance.
- Total sales growth and comparable store sales growth is 13.2 per cent and 8.1 per cent, respectively.
- Online sales are 17.3 per cent of total sales, an increase of 66 per cent on pcp basis.
FY 2020 non-cash impairment to the carrying value of investment in digital commerce technologies is expected to lie in the range of nearly $2 million - $3 million.
BBN had withdrawn its FY 2020 guidance due to potential impact of COVID-19.
The Company has undrawn debt facilities of $35 million.

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