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

  • May 19, 2020 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  • BBN had withdrawn its FY 2020 guidance due to potential impact of COVID-19.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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