Baby Bunting bounces into upgrade

Wilson Asset Management

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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