Noni B trading update: what you need to know

Noni B Limited (ASX: NBL) issued a trading update today stating that it expected sales and earnings before interest, tax, depreciation and amortisation (EBITDA) growth for the FY 2018 first half ended 31 December 2017.

Here are the key highlights:

  • Like-for-like sales for the period grew by 3%;
  • Total sales grew to approx. $190 million;
  • The Group’s store network increased from 614 stores at the start of the period to 642 stores;
  • Online sales as a proportion of total sales continued to grow, following continued investment, representing 4.9% of total sales for the half.

The company stated that all figures in this release are still subject to finalisation and review by the company’s

This is a positive update and investors in retail stocks including Nick Scali Limited (ASX: NCK)JB Hi-Fi Limited (ASX: JBH) and Harvey Norman Holdings Limited  (ASX: HVN) will hope that it’s a reflection of improved market conditions particularly in light of high consumer debt levels and low wage growth.

Don't Buy A SINGLE Stock Until You Read This

While conflict overseas is all media talking-heads seem to mention these days, the billionaire founder of Tesla is losing sleep over what he sees as a far bigger threat.

Elon Musk Warns: This has "vastly more risk than North Korea"

If you missed your opportunity to get in on Google, Microsoft, or Amazon in their early days, don't let it happen again. This emerging technology trend could offer a second chance for anyone who wishes they took part in these millionaire-maker stocks.

Click here to discover more!

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.