Australia's Baby Bunting soars nearly 17%, outlook largely as expected
** Shares of Australia's Baby Bunting BBN.AX jump as much as 16.7% to A$1.780, their highest level since May 8
** Stock of baby goods retailer among top gainers in the ASX All Ordinaries index .AORD; up for an eighth straight session
** Marks its biggest intraday pct gain since June 27
** More than 750,000 shares change hands, vs the 30-day average of ~300,000 shares
** Co says it expects FY25 adjusted NPAT between A$9.5 mln ($6.39 mln) and A$12.5 mln, VA consensus is A$11.4 mln
** FY24 adjusted NPAT of A$3.7 mln meets VA consensus
** Co says on track to achieve 40% gross profit margin target in FY25 vs 36.8% in FY24
** Says July gross profit margin up 180 basis points
** Macquarie analysts say risks remain to margin targets given weakness in FY24 gross margins
** BBN down 23.8% this year, as of last close
($1 = 1.4870 Australian dollars)
Reporting by Sameer Manekar in Bengaluru
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