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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.