Baby Bunting Group Ltd
ASX:BBN
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Baby Bunting Group Ltd
ASX:BBN
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AU |
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Cashmere Valley Bank
OTC:CSHX
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US |
Baby Bunting Group Ltd
Baby Bunting Group Ltd. engages in the operation of nursery and one-stop-baby shop. The company is headquartered in Melbourne, Victoria and currently employs 1,383 full-time employees. The company went IPO on 2015-10-14. Its primarily caters to parents with children from newborn to three years of age and parents-to-be. The firm provides a range of baby products including prams, car seats, carriers, furniture, nursery, safety, babywear, manchester, changing, toys and feeding. The firm offers various brands including Bugaboo, Silvercross, Steelcraft, Britax Safe n Sound, Maxi Cosi, Infasecure, Ergobaby, Boori, Oricom, Medela, Bonds, Huggies and Bright Starts. The firm is expanding its private label and exclusive products, which included the addition of JENGO brand. The firm has 60 stores across Australia and one online store. The firm sales online products in Australia and New Zealand though its Website.
Baby Bunting Group Ltd. engages in the operation of nursery and one-stop-baby shop. The company is headquartered in Melbourne, Victoria and currently employs 1,383 full-time employees. The company went IPO on 2015-10-14. Its primarily caters to parents with children from newborn to three years of age and parents-to-be. The firm provides a range of baby products including prams, car seats, carriers, furniture, nursery, safety, babywear, manchester, changing, toys and feeding. The firm offers various brands including Bugaboo, Silvercross, Steelcraft, Britax Safe n Sound, Maxi Cosi, Infasecure, Ergobaby, Boori, Oricom, Medela, Bonds, Huggies and Bright Starts. The firm is expanding its private label and exclusive products, which included the addition of JENGO brand. The firm has 60 stores across Australia and one online store. The firm sales online products in Australia and New Zealand though its Website.
Sales Growth: Baby Bunting delivered record sales for the half, with total sales up 6.7% and comparable store sales up 4.7%, exceeding guidance.
Gross Margin: Achieved a record gross margin of 41%, up 124 basis points year-on-year, reflecting the success of margin enhancement initiatives.
Refurbishment Impact: Stores refurbished under the Store of the Future program saw sales uplifts averaging 25%, at the top end of expectations.
Online Growth: Online sales, including Click & Collect, grew 18% year-on-year to now represent 24.8% of total sales.
New Zealand Performance: New Zealand operations reported 16.5% comparable store sales growth and gross margin expansion of 140 basis points in the half.
Profitability: Underlying NPAT rose 44% to $7.2 million, and EBITDA reached 6% of sales on an underlying basis.
Guidance Reaffirmed: Management reaffirmed full-year pro forma NPAT guidance of $17.5 million to $19.5 million.
CapEx Update: Full year CapEx now expected to be $41–43 million, higher than previous estimates due to accelerated refurbishment efforts.
