Nick Scali reports strong margins, but freight issues loom
Nick Scali Limited (ASX:NCK) has reported strong financial performance for FY24, driven by a gross margin increase to 66% across its Australian and New Zealand operations.
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Nick Scali cuts dividend again
Furniture retailer Nick Scali (ASX:NCK) hopes that 2023-24 will be a year it and the market can forget, after again cutting its dividend amid a not unexpected decline in revenue and sales for the 12 months.
Read MoreNick Scali maintains interim dividend despite 20% earnings slide
Despite a 20% slide in earnings for the six months to December, furniture retailer Nick Scali (ASX:NCK) has maintained its interim dividend at 35 cents a share.
Read MoreStocks of the Hour: Allkem, Cosmos Exploration, Nick Scali
A snapshot of the stocks on the move, featuring Allkem (ASX:AKE), Cosmos Exploration (ASX:C1X) and Nick Scali (ASX:NCK).
Read MoreNick Scali reports impressive full-year profit surge of 26.1% amidst improved delivery and expansion
Furniture retail giant Nick Scali has exceeded market expectations by achieving a remarkable 26.1% increase in net profit for the full fiscal year, reaching a total of $101.1 million.
Read MoreScali Numbers Lacking that Certain Polish
Nick Scali produced a mixed interim report on Monday – one from which some investors and commentators mistakenly construed that the retail slowdown had not impacted it.
Read MoreMarket Says Thank You to Bullish Scali Update
Shares in furniture retailer Nick Scali were up more than 11% at one stage yesterday after a very bullish update on how the company has started 2022-23 with a rush.
Read MoreTrading Tidbits: LLC, NCK, RWC
Here’s Monday’s key June 2022 half-year results, featuring the latest from developer Lendlease, retail chain Nick Scali and plumbing supplies group Reliance Worldwide.
Read MoreUpbeat Retailers Find Market a Tougher Sell
A number of leading retailers of all sizes presented trading updates to the Macquarie investment conference yesterday. Some numbers were solid but investors remained unimpressed.
Read MoreGlobal Supply Chain Bottleneck Nicks Scali
Furniture retailer Nick Scali has warned investors that persistently high international shipping costs will likely cut earnings in the current second half of the of the June 30 financial year.
Read MoreTrading Tidbits: WPL, AST, APA, NCK, HUO, SIQ
A busy news day for the ASX on Monday, with Woodside, AusNet, APA, Nick Scali, Huon Aquaculture and Smartgroup all making key announcements to the market. Here are the details.
Read MoreStock News: Scali Adds, Boral Subtracts
Nick Scali has gone deeper into couches and lounges with the purchase of rival retailer Plush, while Boral has offloaded its North American building products and timber division as well its Australian timber business.
Read MoreThe Boom Before the Gloom for Scali
A case of deja-vu for furniture retailer Nick Scali yesterday, as the company doubled net profit in the year to June but avoided issuing further guidance because of the ongoing lockdowns.
Read MoreNCK – Citi rates the stock as Buy
The broker reiterates a Buy rating, noting a dividend yield of 8% and a strong balance sheet that can support acquisitions. Target is $12.05.
Read MoreNick Scali Ups Dividend, Downplays Prospects
Furniture retailer Nick Scali has boosted its interim dividend but again warned that its growth remains constrained by COVID-related supply issues and made no forecast for the June 30 half year.
Read MoreNCK – Citi rates the stock as Buy
The company’s latest trading update has revealed the order book remains at record levels and Citi analysts point out this bodes well for 2H21. Target price is $11.65. Current Price is $10.84.
Read MoreNick Scali Upgrades Forecasts Despite Adverse Conditions
Nick Scali (ASX: NCK) says it expects unaudited net profit for the period to December 31 to come in at $40.5 million, nearly double the same time last year
Read MoreAdairs, Nick Scali Provide “Good News Story” For Retail
Two more bullish trading updates for the start of the 20120-21 financial year from retailers Nick Scali and Adairs.
Read MoreNick Scali Shares Soar On “Extremely Buoyant” Sales
Good news from the depths of the COVID-19 campaign with furniture retailer Nick Scali telling the market that it expects a massive surge in first-half earnings for 2020-21 after a steady result for the year to June.
Read MoreInvestors Hope The Worst Is Behind Nick Scali
Shares in Nick Scali shares jumped more than 13% at one stage yesterday after the company beat its underlying first-half profit guidance, but its net result fell noticeably short.
Read MoreNick Scali Pins Hopes On Housing Recovery
Shares in Nick Scali, plunged sharply yesterday to a four-month low after the company issued a profit warning two weeks before the company’s AGM.
Read MoreNCK – Citi rates the stock as Sell
FY19 net profit was ahead of Citi’s estimates. Downside risk to earnings is envisaged for FY20 as sales momentum has turned negative and the higher store base means upside from roll-outs is likely to be smaller.
Read MoreNCK – Macquarie rates the stock as Neutral
Macquarie considers the first half result commendable, with net profit up 8% and ahead of expectations.
Read MoreNick Scali Defies Retail Gloom
Sydney-based furniture retailer, Nick Scali has lifted interim divided by 2 cents to 16 cents (fully franked) after boosted earnings by 15% in the December half year.
Read MoreNick Scali’s Mystery Slump
Is there a downgrade or worse coming for Sydney-based furniture company Nick Scali? The shares fell heavily last week but the company told the ASX it had no idea why its shares had taken a sharp fall.
Read MoreBuilding Boom Lifts Nick Scali
Sydney-based furniture retailer Nick Scali (NCK) managed to offset the wave of selling across most of the market yesterday with a solid interim earnings result and an equally solid upgrade to full year estimates.
Read MoreNo Lounging Around For Nick Scali
Retail is a tough business at present, but Sydney-based furniture importer and seller Nick Scali Limited (NCK) is bucking that trend.
Read MoreA Rare Retail Upgrade
Here’s a surprise profit upgrade – from retailing, and from the furniture side of the sector at that. Nick Scali (NCK), the Sydney based furniture retailer says that despite a slowdown in the current quarter, it will be reporting higher sales and earnings (after a strong first half) in August.
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