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ASX sheds 5.6pc as sell-off overlooks stimulus

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Baby Bunting says earnings so far resilient but withdraws guidance

Luke Housego

Baby Bunting has reported calenar year-to-date sales in line with earnings guidance but said that it is withdrawing guidance due to the uncertain trading conditions.

"During the second half (30 December 2019 to 22 March 2020), total sales growth has been 12.4 per cent and comparable store sales growth has been 6.2 per cent," the company said in a statement.

Baby Bunting noted that it has $27 million of available funds and said it will defer capital costs planned for the roll out a new brand, in addition to introducing other cost cutting measures.

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    Original URL: https://www.afr.com/markets/equity-markets/volatile-open-for-asx-as-shutdowns-activated-20200323-p54ctw