Australia's Nick Scali at record high; Macquarie hikes PT on upbeat outlook

Nick Scali

30/10/2025 03:10

** Nick Scali NCK.AX rises as much as 1.2% to record high of A$25.65; set for sixth straight session of gains

** Macquarie raises PT to A$28.2 from A$21.9; maintains "outperform"

** Upgrades underlying NPAT estimates by 13%, 5% and 6% for FY26, FY27, FY28 respectively

** Furniture retailer reports 6% rise in Q1 sales revenue

** Expects H1 sales revenue to rise 7%-9% y/y

** Macquarie says co's ANZ segment winning market share from weaker-performing furniture brands

** Notes co's UK segment accelerating sales, with gross margins above expectations

** YTD, NCK gains 69.7%

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))