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Baby Bunting Shares Hit Five-Year Low After Profit Guidance Cut

Por: MarketWatch Business June 06, 2023

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It previously guided for pro forma net profit of between A$21.5 million and A$24 million. Shares were down 22% at A$1.385. The stock last hit that level in June 2018. Ord Minnett analyst James Casey had already expected Baby Bunting's fiscal 2023 profit to fall short of its guidance, but said in a note to clients that the midpoint of the revised range was still 28% below his prior forecast. Baby Bunting's struggles come amid warnings... + full article



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