Jefferies backs Australia's Nick Scali on strong gross margins

Nick Scali

16/06/2025 20:16

** Jefferies shows confidence in Australian furniture retailer Nick Scali NCK.AX due to strong gross margin track record

** Cites NCK's "scale across fewer SKUs than peers"

** Brokerage says 2H-to-date freight costs are slightly higher; expects modest impact on gross margins if costs rise further

** Says in-house capabilities have mitigated the risk of repeating 1H25 freight issues

** YTD, NCK up 25.5%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))