FY25 Results Announcement and trading update
| Stock | Baby Bunting Group Ltd (BBN.ASX) |
|---|---|
| Release Time | 15 Aug 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Baby Bunting Delivers Strong FY25 Results, Accelerating Growth
- Pro forma NPAT of $12.1m, up 228% vs pcp, at upper end of guidance range
- Record total sales of $521.9m, up 4.7% vs pcp
- Gross margin of 40.2% up 340 bps vs pcp, exceeding FY25 40% target
Baby Bunting Group Ltd has reported its financial results for the year ended 29 June 2025 (FY25), delivering a strong performance. The company's pro forma Net Profit After Tax (NPAT) was $12.1 million, up 228% from $3.7 million in the prior corresponding period (pcp), at the upper end of the Group's guidance range. Statutory NPAT was $9.5 million, up 462% compared to $1.7 million in FY24. The company reported record total sales of $521.9 million, up 4.7% compared to FY24, supported by strong comparable store sales growth of 4.2%. Gross Profit Margin expanded by 340 basis points to 40.2%, exceeding the 40% target. This margin expansion reflects the successful execution of Baby Bunting's pricing architecture simplification, renegotiated supplier trading terms, supply chain optimisation, and the elevated performance of exclusive and private label products. The 'Store of the Future' refurbishment program has so far exceeded expectations, with the three stores refurbished generating an average 28% higher sales since re-opening. The company plans to roll out the new store design across its network, targeting 15-25% growth for refurbished stores. Looking ahead, Baby Bunting expects FY26 pro forma NPAT to be in the range of $17.0 million to $20.0 million, assuming full-year comparable store sales growth of 4-6% and a gross margin of 41%.
FY26 pro forma NPAT expected to be in the range of $17.0 million to $20.0 million, assuming: full year comparable store sales growth of 4%-6%, gross margin of 41%, and capital expenditure of $30 million to $35 million.
Baby Bunting plans for 10-12 'Store of the Future' refurbishments to be completed in FY26, with 5-6 refurbishments to be completed in 1H. The company also plans to open 5 new large format stores (1H: 3 committed, 2H: 2 targeted), and 3 small format pilot stores in 1H, with a further 2-3 planned for Q4 dependent on the success of the pilot stores.