Baby Bunting profit falls 29%

Company News

by Rachael Jones

The Baby Bunting Group (ASX:BBN) today reported net profit after tax for the financial year ended 24 June 2018 of $8.7 million, down 29.1 per cent on the prior corresponding period.

Total sales were up 9 per cent on last year’s results to $303.1 million.

It’s EBITDA was down 18.9 per cent on the prior corresponding period to $18.6 million.

The company offer a fully franked dividend of 2.5 cents per share.

The Baby Bunting Group saw 4 of their largest specialty baby goods competitors enter into administration as they opened five new stores during the year.

They also saw total online sales grow 63 per cent - making up 9.5 per cent of total sales.

Shares in Baby Bunting Group (ASX:BBN) are trading 25.86 per cent higher to $2.19.