Nick Scali Jumps as Demand Lifts Nick Scali (ASX: NCK) surged 10% on Monday after the furniture retailer upgraded its first-half profit guidance for the second time in two months. The company now expects ANZ revenue growth of 10-12%, up from the 7-9% forecast at its October AGM. Group net profit after tax is projected…

Nick Scali (ASX: NCK) has delivered one of the standout performances among ASX retailers this year, with shares climbing approximately 60% despite challenging consumer conditions. Bell Potter has now initiated coverage with a buy rating and $27.00 price target, implying 15.5% upside from the current share price of $23.38. Combined with an expected 2.7% dividend…