Home retailer Kid ASA Q3 revenue rises on solid performance across segments
Home retailer Kid ASA Q3 revenue rises on solid performance across segments
Overview
Norway home and interior retailer's Q3 revenue rose 12.3% yr/yr on strong seasonal assortments
Q3 EBITDA rose 38.5% and EPS increased to NOK 2.35 from NOK 0.98
Gross margin improved to 62.3%, aided by favorable currency effects
Outlook
Company says it is well prepared for the Christmas shopping season
Result Drivers
SEGMENT GROWTH - Co said revenue growth was supported by solid performance across both Kid Interior and Hemtex segments
SEASONAL ASSORTMENTS - Co attributed revenue growth to strong seasonal assortments
CURRENCY EFFECTS - Co said gross margin improvement was supported by favourable currency effects
Company press release: ID:nWkr8f0tMQ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| NOK 2.35 |
|
Q3 Gross Margin |
| 62.30% |
|
Q3 EBITDA |
| NOK 283.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home furnishings retailers peer group is "buy"
Wall Street's median 12-month price target for Kid ASA is NOK149.00, about 8.1% above its November 4 closing price of NOK137.80
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)