Baby Bunting statutory HY profit drops to $1.8m, misses forecasts
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The news: Baby Bunting reported lower-than-expected statutory net profit in the six months to December 2025 citing significant items related to store optimisation and refurbishments.
The numbers: The baby products retailer reported a 4.1% increase in first-half pro forma net profit after tax to $5 million, while statutory net profit fell to $1.8 million from $3.9 million a year prior.
The statutory result was well below average forecasts of $4.8 million, according to Visible Alpha.
Revenue rose 6.7% to $271.4 million, topping analysts' estimates of $267 million.
Gross profit stood at $111.4 million, a 10% year-on-year increase.
The company did not declare an interim dividend.
The context: The company attributed the revenue to the opening of five new stores and the full-period contribution from two stores opened in the first-half FY25.
The lift in gross profit was driven by annualised supplier trading terms and continued growth in the group's private label and exclusive product ranges.
The group upgraded its full-year pro forma net profit after tax guidance to a range between $17.5 million and $19.5 million.
The source: ASX
