Nick Scali Shares Sink to Near Three-Year Low on Profit Outlook
Nick Scali forecast a steep drop in first-half profit, citing weak housing markets and reduced store traffic in Australia and New Zealand.
Shares of Nick Scali ASX:NCK tumbled to a near three-year low on Thursday, after the furniture retailer forecast a steep drop in first-half profit as a weak housing market cut store traffic in Australia and New Zealand.The company expects underlying net profit after tax of A$28 million to A$32 mill…