Baby Bunting’s Bundle of Joy as Shares Soar 9 Percent in a Day
Published on August 21, 2024
Baby Bunting is on track to achieve a 40 percent gross profit margin in the 2024 financial year. News of a positive outlook in the next financial year also pushed shares of the baby product company up 9 percent on Aug. 19. Baby Bunting is an Australian and New Zealand retailer of products for baby’s and young children including prams, feeding and nursing, clothing, toys, prams, furniture for the baby’s room, and baby monitors. It reported the first seven weeks of trade had seen a 3.5 percent total sales growth (pdf) and 2 percent comparable sales growth in the 2025 financial year. Further, the company noted it was on track to achieve a 40 percent gross margin for the 2025 financial year....