Nick Scali (ASX:NCK): What Do Analyst Targets Say After FY26?

Sonal Goyal

08 October 2026 04:56 AM AEDT

Nick Scali (ASX:NCK): What Do Analyst Targets Say After FY26?

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Highlights

Consensus rating of Hold from 11 analysts: 6 Buy or equivalent, 4 Hold, 1 Sell or equivalent.
Mean price target of A$18.21 against a share price of A$14.10 on 8 October 2026, an implied upside of 29.1%.
Analyst targets range from A$15.00 to A$22.40.
Group net profit after tax increased 22% and group Revenue grew 4%, with gross Margin improving 210 basis points.

Nick Scali (ASX:NCK) carries a consensus analyst rating of Hold. Of the 11 analyst recommendations recorded, 6 are Buy or equivalent, 4 are Hold and 1 is Sell or equivalent. The mean price target is A$18.21, with targets ranging from A$15.00 to A$22.40, against a current share price of A$14.10 (8 October 2026). Nick Scali Limited is a furniture retailer operating in Australia, New Zealand and the United Kingdom.

Company name	Nick Scali
Ticker	(ASX:NCK)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$14.10
Price date	8 October 2026
Number of analysts	11
Rating consensus	Hold
Consensus price target (mean)	A$18.21
Highest target	A$22.40
Lowest target	A$15.00
Implied upside/downside to mean target	Implied upside of 29.1%

Latest developments

Nick Scali (ASX:NCK) reported its results for the year ended 30 June 2026 (FY26) on 7 August 2026. Group net profit after tax increased 22% and group revenue grew 4%, with gross margin improving 210 basis points. The company described a subdued retail environment.

In Australia and New Zealand, net profit after tax was $80.5 million, up 10.0% on FY25 Underlying Profit and up 13% on FY25 statutory net profit. Written sales orders rose 2.7%, with a softer second half, revenue was $476.7 million, up 5.1%, and gross margin was 66.0%, compared with 65.0%.

In the United Kingdom, the net loss after tax was $4.8 million, comprising a profit of $0.8 million in the second half after a $5.6 million loss in the first half. UK written sales orders were $45.0 million, up 31.4%, and like-for-like written orders in the second half rose 19.0%. UK revenue was $40.0 million, $1.8 million below FY25 because of store closures, and UK gross margin rose to 60.3% from 47.1%, with deliveries of Nick Scali product increasing through the year.

Risks and what to watch

Written sales orders in Australia and New Zealand grew only 2.7% with a softer second half, and the UK Business recorded a full-year net loss of $4.8 million. FY25 underlying figures exclude UK integration costs and costs from a freight forwarder failure. Furniture retail Earnings depend on consumer spending, housing activity, freight and exchange rates.

Next milestones

Items to watch include written sales order trends in Australia, New Zealand and the UK, UK profitability and gross margin, further UK showroom changes, and the first-half FY27 result.

FAQs

Q: What is the consensus analyst rating for Nick Scali (ASX:NCK)?

A:The consensus rating is Hold, based on 11 analyst recommendations: 6 Buy or equivalent, 4 Hold and 1 Sell or equivalent.

Q: What are the analyst price targets for Nick Scali (ASX:NCK)?

A:The mean price target is A$18.21, with a highest target of A$22.40 and a lowest target of A$15.00. The share price on 8 October 2026 was A$14.10.

Q: What did Nick Scali (ASX:NCK) report for FY26?

A:Nick Scali reported group NPAT up 22%, group revenue up 4%, gross margin up 210 basis points, ANZ NPAT of $80.5 million and a UK net loss of $4.8 million.

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