ASX:BBNSpecialty Retail
Baby Bunting Group (ASX:BBN) Shares Rebound As Margins Reset Story Gains Traction
Baby Bunting Group’s share price closed at A$1.275 on Friday, capping a choppy few months that left the stock down about 11% over 90 days despite a small rebound this week. The market has treated the retailer like a problem child. The latest earnings show a different story, with full year sales of A$556.0m and pro forma net profit after tax of A$16.1m.
The real swing factor is profitability. Gross margin reached 41.2% and earnings before interest, tax, depreciation and amortisation margin hit...