Street Talk
Baby bump: Investors probe Baby Bunting’s surging share price
If you’re an investor in Baby Bunting, you might be scratching your head after last week’s trading update.
The ASX-listed specialty maternity and baby goods retailer reaffirmed lower full-year net profit guidance, revealed that it would have breached bank covenants if not for a covenant amendment agreement with NAB and announced like-for-like sales were negative (albeit better than last time it reported).
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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