Baby Bunting Group (ASX:BBN) see sales push through the pandemic

Company News

by Rachael Jones

Baby Bunting Group (ASX:BBN) report total sales of approximately $405 million for financial year 2020, representing growth of around 12 per cent against the prior corresponding period.

The company expects pro forma earnings before interest, tax, depreciation and amortisation for FY20 of between $33 million and $34 million that’s a growth of between 22 per cent to 25 per cent.

CEO and Managing Director Matt Spencer said, “During the year, all of our stores remained open and our Team worked incredibly hard to adapt how we operated to ensure that we continue to support new and expectant parents in these challenging times.”

Shares in Baby Bunting Group (ASX:BBN) are trading 2.54 per cent higher at $3.23.
 

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.