Nick Scali Bull Feeling Confident About U.K. Unit -- Market Talk

Dow Jones10-29

0230 GMT - Nick Scali's trading update increases confidence at Citi that the Australian furniture retailer's U.K. operation could start breaking even some time in the current fiscal year. Analyst Sam Teeger reckons that break-even on a run-rate basis could occur before the end of June, pointing to recent months' sales orders, refurbishment patterns, and a 58.3% first-quarter gross margin. He tells clients in a note that first-half group revenue guidance looks conservative. Citi has a last-published buy rating and A$24.40 target price on the stock, which is up 11% at A$24.86. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 28, 2025 22:30 ET (02:30 GMT)

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He tells clients in a note that first-half group revenue guidance looks conservative. Citi has a last-published buy rating and A$24.40 target price on the stock, which is up 11% at A$24.86. 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Analyst Sam Teeger reckons that break-even on a run-rate basis could occur before the end of June, pointing to recent months' sales orders, refurbishment patterns, and a 58.3% first-quarter gross margin. He tells clients in a note that first-half group revenue guidance looks conservative. Citi has a last-published buy rating and A$24.40 target price on the stock, which is up 11% at A$24.86. 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