Overview
Norway home textiles retailer's preliminary Q1 revenue rose 8%, slightly beating analyst expectations
Like-for-like sales increased 6.1% in Q1
Online sales accounted for 14.1% of total Q1 revenue, up from 12.3% last year
Outlook
Company did not provide specific guidance or outlook in the press release
Result Drivers
ONLINE SALES GROWTH - Online sales rose 19.9% in Kid Interior and 31.5% in Hemtex, contributing to overall revenue growth
STORE EXPANSION - Openings and refurbishments of physical stores in both segments supported revenue growth
LIKE-FOR-LIKE SALES - Like-for-like sales increased 6.1% for the group, 7.4% in Kid Interior, and 4% in Hemtex
Company press release: ID:nWkr3pTBW
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
NOK 800.5 mln
NOK 797.33 mln (3 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 NOK160.00, about 24.8% above its April 10 closing price of NOK128.20
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
