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Home retailer Kid ASA Q3 revenue rises on solid performance across segments

By Reuters News


Overview

  • Norway home and interior retailer's Q3 revenue rose 12.3% yr/yr on strong seasonal assortments

  • Q3 EBITDA rose 38.5% and EPS increased to NOK 2.35 from NOK 0.98

  • Gross margin improved to 62.3%, aided by favorable currency effects


Outlook

  • Company says it is well prepared for the Christmas shopping season


Result Drivers

  • SEGMENT GROWTH - Co said revenue growth was supported by solid performance across both Kid Interior and Hemtex segments

  • SEASONAL ASSORTMENTS - Co attributed revenue growth to strong seasonal assortments

  • CURRENCY EFFECTS - Co said gross margin improvement was supported by favourable currency effects


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

NOK 2.35

Q3 Gross Margin

62.30%

Q3 EBITDA

NOK 283.50 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 NOK149.00, about 8.1% above its November 4 closing price of NOK137.80

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Nov 3 - UK's Associated British Foods FY revenue, profit beat estimates

  • Nov 4 - UK's Marks and Spencer interim revenue, profit beat estimates

  • Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment


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.)

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