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Furniture retailer Nick Scali expects higher profit as online sales surge – NEWS.com.au
Furniture retailer Nick Scali expects higher profit as online sales surge
Furniture and homewares retailer Nick Scali has upgraded its first-half profit expectations after sales soared 45 per cent in the September quarter despite COVID-19 forcing store closures in Melbourne and Auckland.The company said on Monday the buoyant sales trend, which included a 47 per cent surge in online orders, continued through October.
Nick Scali has accordingly revised its profit guidance for the six months to December 31.
It previously forecast a 50 to 60 per cent increase compared with…
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