Australia's Nick Scali loses most in near 6 years as ANZ segment earnings disappoint

Nick Scali

13/02/2026 02:19

** Shares of Nick Scali NCK.AX fall as much as 19.4% to A$19.175, their biggest intraday pct loss since March 23, 2020
** Shares of the furtniture retailer hit lowest level since August 7, 2025
** Citi says the furniture retailer logged "outstanding" interim result (H1 Group NPAT A$41 million ($29.06 million), 36.1% higher on pcp)
** Brokerage, however, says earnings for its Australia and New Zealand segment fell below expectations
** Also says order bank might suggest consensus 2H26 revenue forecasts are "a little out of reach"

** Citi rates "buy", with A$27.95 as price target

** Ten analysts rated "buy" on average; median PT is A$27.95, as per LSEG-compiled data

** YTD, shares down 17.1%

($1 = 1.4110 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))