Nick Scali's UK Rollout Attracts New Bull -- Market Talk

Dow Jones11-28

2137 GMT - Nick Scali adds a bull in Bell Potter, which is enthused by the furniture retailer's opportunity in the U.K. Bell Potter thinks Nick Scali could ultimately have 60 stores in the U.K., three times its current footprint. "As Nick Scali U.K. revenues grow over the next 7+ years, we expect continuing earnings leverage over its cost base which should see a stronger uplift in earnings over the longer term," analyst Chami Ratnapala says. Bell Potter starts coverage of Nick Scali at buy, with a A$27.00/share price target. Nick Scali ended Thursday at A$23.38. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 27, 2025 16:37 ET (21:37 GMT)

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Bell Potter thinks <a href=\"https://laohu8.com/S/NCK.AU\">Nick Scali</a> could ultimately have 60 stores in the U.K., three times its current footprint. \"As Nick Scali U.K. revenues grow over the next 7+ years, we expect continuing earnings leverage over its cost base which should see a stronger uplift in earnings over the longer term,\" analyst Chami Ratnapala says. Bell Potter starts coverage of Nick Scali at buy, with a A$27.00/share price target. Nick Scali ended Thursday at A$23.38. 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Bell Potter thinks <a href=\"https://laohu8.com/S/NCK.AU\">Nick Scali</a> could ultimately have 60 stores in the U.K., three times its current footprint. \"As Nick Scali U.K. revenues grow over the next 7+ years, we expect continuing earnings leverage over its cost base which should see a stronger uplift in earnings over the longer term,\" analyst Chami Ratnapala says. Bell Potter starts coverage of Nick Scali at buy, with a A$27.00/share price target. Nick Scali ended Thursday at A$23.38. 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