The clearance sales of its market-exiting competitors are over, so is it Baby Bunting Group Ltd’s (ASX: BBN) time to shine in the children’s retail space?
The online and offline retailer delivered a Morgan’s Conference presentation to shareholders today, with earnings guidance rising for FY19 as the sector consolidates after rival Toys R Us and its subsidiaries closed doors earlier this year.
According to the update, FY19 EBITDA is expected to be in the range of $24 million to $27 million, representing growth of between 30% and 45% – the guidance assumes the opening of six new stores during FY19, as planned.
Baby Bunting plans to build a network of more than 80 stores, with just 49 at present there is a long way to go, but its online strategy seems to be in line with its bricks and mortar growth to drive customer interaction.
Another under-the-radar retailer on watch right now is Noni B Limited (ASX: NBL) – with its share price incline of 70% in the last year after acquiring a number of brands from Speciality Fashion Group Ltd. (ASX: SFH).
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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. 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 Scott Phillips.