Baby Bunting Group (ASX:BBN) shares slump by up to 10.3% to A$1.910, marking their largest intraday percentage loss since June 8.

The baby goods retailer announces its sales growth has contracted 4% over the previous six weeks, with comparable store sales contracting 9%.

Baby Bunting Group has decided not to provide the FY24 earnings forecast due to the continued economic uncertainty.

Despite total sales slightly rising to A$515.8 million, the retailer’s FY23 stat NPAT fell by 49.5% to A$9.9 million.

As of the last close, the shares of Baby Bunting Group were down by 21.4% this year.

Baby Bunting Group is a company that retails baby goods.