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Baby Bunting profits fall, despite rising sales

(Source: BabyBuntingAus/Facebook)
Trans-Tasman retailer Baby Bunting’s first-half profit fell 59 per cent as sales dampened in December, preliminary unaudited financial results show. The company has reported that during the half year to December 31, sales grew 6.6 per cent to $254.9 million, however tax-paid profit fell from $12.5 million to $5.1 million year on year. CEO & MD, Matt Spencer, attributed the first half profit decline to a combination of lower gross profit margin and softer than anticipated sales in Decem
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