Shares in furniture retailer Nick Scali jumped 8% after the company lifted its profit guidance for the December half, citing improving conditions in Australia and New Zealand.
Nick Scali said first-half revenue in Australia and New Zealand is now expected to rise 10% to 12% year-on-year, up from its October guidance of 7% to 9%. The retailer has also recently opened stores in Britain.
On the back of the stronger local sales outlook, the group lifted its forecast statutory net profit after tax for the first half of 2026 to $37 million to $39 million, compared with its previous range of $33 million to $35 million.
Nick Scali shares were trading up 8% at $22.84 on the ASX on Monday.