13/02/2026 17:39

Nick Scali (NCK) $18.48

NCK -22.32%: Delivered a better-than-expected 1H result, but the stock was sold hard after a softer January trading update raised concerns about near-term demand for big-ticket items as interest rates rise.1H numbers:

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22/12/2025 16:42

Nick Scali (NCK) $23.25

NCK +9.9%: The furniture and homewares retailer upgraded its first-half earnings outlook, lifting 1H net profit guidance to $37–39mn from $33–35mn, reflecting stronger-than-expected trading across Australia and New Zealand. The company now expects 1H ANZ revenue growth of 10–12% YoY, comfortably ahead of its prior 7–9% target — a signal that order momentum remains robust despite a softer retail backdrop.

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11/12/2025 09:56

Nick Scali Ltd (NCK) $22.43

NCK has been a standout performer both on the ASX and for MM in 2025 - it's up +49% year-to-date while many of its peers have struggled. The stock made new highs in October following its AGM, as the company continues to execute impressively. They’re measured international expansion through Fabb Furniture in the UK is playing out nicely and could become a playbook for many ASX names looking to take the often fraught leap into overseas markets. We remain big fans of this business.

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29/10/2025 17:14

Nick Scali (NCK) $25.35

NCK +12.7%: Shares jumped to a fresh record high after the company’s AGM and trading update today, reporting an impressive 10.7% lift in ANZ same-store sales for the first quarter, signaling a strong start to FY26. This represents acceleration from July’s 7.2% growth reported in their last update. 

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10/09/2025 09:20

Nick Scali (NCK) $24.58

NCK has been a terrific performer over the years, rewarding investors who backed management’s ability to grow the business both domestically and, more recently, offshore. We were particularly supportive of their prudent foray into the UK via Fabb Furniture – a relatively small outlay that provided exposure to a huge £24bn market. The approach was measured and reminded us of Carsales (CAR), which built a strong offshore presence by starting small and scaling carefully.

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08/08/2025 17:36

Nick Scali (NCK) $20.49

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07/02/2025 16:42

Nick Scali (NCK) $18.00

(NCK) +10.5%: Delivered a decent half-year earnings report today with lower earnings versus the prior half but a beat on recently recut guidance. 

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21/10/2024 16:38

Nick Scali (NCK) $14.50

NCK -4.10%: Hit today on updated guidance, with margin pressure due to freight costs and softer sales in ANZ conspiring against 1H25 results, with profit guidance of $28m a good ~20% below current consensus.

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19/09/2024 09:18

Nick Scali Ltd (NCK) $16.03

While we wouldn’t chase strength in NCK above $16, it does look good for a breakout to new all-time highs – not a huge call now.  However, it is a volatile stock that has already corrected $3-4 three times over the last 18 months, i.e., it has a habit of rewarding patient investors with the opportunity to buy dips.

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13/08/2024 09:45

Nick Scali Ltd (NCK) $15.25

MM has liked NCK over the years and remains particularly keen on their foray into Europe via Fabb Furniture – a small spend to gain an established, albeit small 20-store foothold into the UK’s $24bn furniture market. One of the key aspects in CARs result yesterday was growth being achieved overseas;

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