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Nick Scali Limited ( (AU:NCK) ) just unveiled an update.
Nick Scali Limited reported a strong performance in the second half of FY25, with a 7.3% growth in written sales orders in Australia and New Zealand, contributing to an overall 3% growth for the year. Despite a decline in net profit due to restructuring costs and a freight forwarder’s business failure, the company maintained a robust gross profit margin of 65%. In the UK, the company is progressing with its expansion, achieving a significant improvement in gross profit margins following the refurbishment and rebranding of 12 stores. However, the UK operations reported a net loss due to disruptions from store closures and clearance of old inventory.
The most recent analyst rating on (AU:NCK) stock is a Buy with a A$21.00 price target. To see the full list of analyst forecasts on Nick Scali Limited stock, see the AU:NCK Stock Forecast page.
More about Nick Scali Limited
Nick Scali Limited is a prominent furniture retailer operating primarily in Australia and New Zealand, with a growing presence in the United Kingdom. The company focuses on providing high-quality furniture and has been expanding its market reach through store refurbishments and rebranding efforts.
Average Trading Volume: 276,848
Technical Sentiment Signal: Buy
Current Market Cap: A$1.66B
Learn more about NCK stock on TipRanks’ Stock Analysis page.