Nick 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.
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Nick Scali Limited
Founded over 50 years ago, Nick Scali Furniture has grown to become one of Australia’s largest retailers and importers of quality furniture. The business continually works hard to build upon this growth and honour the founder’s legacy.
Every year, Nick Scali Furniture imports in excess of 5,000 containers of quality leather and fabric lounges as well as dining room and occasional furniture. With a proven reputation for quality furniture at low prices, Nick Scali Furniture is a respected and trusted brand
Spotlight Videos
Stocks 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).
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News
Stocks 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).
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Nick 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.
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Scali 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.
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Market 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.
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Analyst Views
NCK – 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.
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NCK – 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.
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NCK – 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.
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NCK – Macquarie rates the stock as Neutral
Macquarie considers the first half result commendable, with net profit up 8% and ahead of expectations.
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