Baby Bunting's (ASX:BBN) sales grows by 15.6% in FY21

Company News

by Lauren Evans

Maternity and baby goods retailer Baby Bunting (ASX:BBN), records total sales of $468.4 million for the period ending 30 Jun 2021 (FY21), up 15.6 per cent from the prior year.

Online sales (including click and collect) grew 54.2 per cent to $90.8 million and now make up 19.4 per cent of total sales.

The retailer recorded net profit after tax of $17.5 million, up 76 per cent from the prior year. Like last year, these results were achieved without any JobKeeper payments or rent relief.

Gross profit for the year was $173.7 million, an improvement of 18.3 per cent from FY20.  

The board announced a final fully franked dividend of 8.3 cents per share, compared to 6.4 cents per share in FY20. 

Baby Bunting’s CEO Matt Spencer said, “we have had a tremendous year delivering great growth, both in earnings per share and returns for shareholders." 

Shares in Baby Bunting (ASX:BBN) are trading 8.4 per cent lower at $5.48.

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