‘Early stages’: Baby Bunting crawls towards NZ profits

Baby Bunting chief executive Mark Teperson says the company is focused on driving long-term growth. (Image: Supplied)

Thu, 22 Aug 2024

Baby Bunting’s New Zealand operation has made a second consecutive earnings deficit as it continues its go-for-broke expansion.In the year to June 30, Baby Bunting NZ's operating earnings before interest and taxes (ebit) fell 10% to a loss of A$3.7 million (NZ$4.05m). That came despite revenue growth of nearly 100% to A$11m on account of three new stores in the country.In their statements in the company's annual report, posted on the Australian Securities Exchange (ASX) on Tuesday, chief executive Mark Teperson and chair...

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