SECOND BABY BUNTING DOWNGRADE

●Baby Bunting says weaker sales are the result of rivals Baby Bounce and Baby Savings - collapsing and launching fire sales ●Baby Bunting has revised its profit forecast to between $18m and $20m - down from between $25.3m and $27m ●Like-for-like sales fell 2.5% in the first six weeks of the final quarter of the year ●However, CEO Mark Spencer said the industry consolidation presents “great opportunities” in the market for growing the business and profitability into FY19