Nick Scali Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Nick Scali (ASX:NCK) Full Year 2023 Results
Key Financial Results
Revenue: AU$507.7m (up 15% from FY 2022).
Net income: AU$101.1m (up 35% from FY 2022).
Profit margin: 20% (up from 17% in FY 2022). The increase in margin was driven by higher revenue.
EPS: AU$1.25 (up from AU$0.93 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nick Scali EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 3.6%.
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Australia.
Performance of the Australian Specialty Retail industry.
The company's shares are up 14% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Nick Scali has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
