Baby Bunting bounces into upgrade
Today infant goods retailer Baby Bunting (ASX: BBN) announced its FY2016 first half results with the company increasing its sales and earnings guidance for 2016. The company upgraded its full year sales forecast from $218 million to a range of $225 million to $235 million. CEO Matt Spencer said in addition to the strong financial performance the business continued to invest in several initiatives to support the company’s future growth. Baby Bunting shares closed flat for the week. We own Baby Bunting in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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