Highlights

• Baby Bunting recorded FY26 sales of AUD 556 million, up 6.5%, alongside a 41.2% gross margin.

• The retailer completed 17 store refurbishments, with those locations delivering average sales growth of 20%.

• Management reaffirmed FY27 pro forma net profit after tax guidance of AUD 19 million to AUD 21 million.

• The company forecast FY27 sales of AUD 585 million to AUD 600 million and comparable growth of 3%–5%.

A network of refurbished stores is shaping the next phase for Baby Bunting Group Limited (ASX:BBN). Following its October annual meeting, the specialist baby goods retailer has reaffirmed FY27 sales, Margin and profit targets after reporting growth in FY26.

A Store Programme With Measurable Growth

The refurbishment programme has become an important element of Baby Bunting’s trading strategy. Seventeen stores had completed refurbishment work, and the company reported average sales growth of 20% across those locations. At group level, underlying comparable store sales grew 3.5% during FY26. Those figures provide different perspectives: one captures performance at updated sites, while the other covers comparable sales more broadly.

FY26 Sales Form the Baseline

Baby Bunting reported record FY26 sales of AUD 556 million, representing a 6.5% increase. Gross margin reached 41.2%. Annual statutory Net Income was approximately AUD 11.2 million, compared with AUD 9.5 million a year earlier and AUD 1.7 million in FY24. The company operates a specialist baby goods retail network across Australia and New Zealand, principally serving parents of children from newborns to three years old.

The FY27 Guidance Framework

At its 13 October 2026 annual meeting and trading update, the company reaffirmed FY27 pro forma net profit after tax guidance of AUD 19 million to AUD 21 million. The projection rests on Revenue of AUD 585 million to AUD 600 million, comparable store sales growth of 3% to 5% and a 42% gross margin. Planned Capital Expenditure is AUD 33 million to AUD 37 million. The outlook also assumes no material change in retail and economic conditions or significant escalation in sea and land freight costs. Pro forma guidance and statutory net income are different measures.

Governance and Market Context

The October update also covered board changes, including Gary Levin’s retirement and Richard Vincent’s appointment. Around 2:40pm AEDT on 11 November, shares traded near AUD 1.33, up roughly 3% intraday. Turnover of about 77,000 shares was below the recent daily average of approximately 424,000. The stock’s 52-week range was AUD 0.98 to AUD 3.00, and its Market Value was around AUD 177 million. No new company announcement appeared on 11 November, leaving the day’s share-price catalyst unconfirmed.