ReutersReuters

Australia's Baby Bunting Group hits over 5-month high on strong quarterly results

** Shares of Baby Bunting Group BBBN rise as much as 3.4% to A$1.840, their highest levels since May 8

** Stock set for best trading day since late-September, if gains hold

** The maternity & baby goods retailer recorded a gross profit margin of 40.3% for Q1FY25 vs 37.9% in the prior corresponding period (pcp)

** Co sees FY25 pro forma NPAT to be in the range of A$9.5 mln ($6.38 mln) to A$12.5 mln

** BBN maintains its FY25 earnings outlook

** Stock down 11% YTD, as of last close

($1 = 1.4879 Australian dollars)

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