NCK 0.07% $13.81 nick scali limited

Ann: Nick Scali Ltd H1-18 Results Announcement, page-2

  1. 99 Posts.
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    Looks like they came in at the top of their guidance, interesting comments about 2nd half performance though.

    If we discount the possibility that they are just being conservative with guidance then they are predicting 2nd half NPAT of 15.5-17.4m based on their 5-10% increase on full year profit. Given the 2nd half FY17 was 16.7 then looks like they are forecasting flat to slightly down.

    Given they noted that 2 of the 6 new stores will contribute to NPAT in the 2nd half they believe that their existing network will drop in profitability over the next half.
 
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