New Zealand's Briscoe Group half-year revenue edges up on strong demand for sporting goods

Briscoe

03/08/2026 01:47

Overview
New Zealand homeware and sporting goods retailer's half-year revenue rose 0.79% yr/yr
Company expects net profit after tax for half-year to be at least NZ$27 mln
Online sales grew 2.07%, now 19.6% of total group sales

Outlook
Company sees group gross profit percentage decline slowing, with H1 down 57 bps vs prior year
Company says retail conditions remain highly promotional, with cost pressures from geopolitical tensions

Result Drivers
SPORTING GOODS EVENTS - Sporting goods sales rose, driven by strong customer engagement from major sporting events
HOMEWARES DEMAND WEAK - Homewares sales declined due to lower-than-expected demand for heating products and ongoing consumer caution
ONLINE SALES GROWTH - Online sales increased 2.07% and now represent 19.6% of total group sales

Company press release: ID:nASX5w6pNc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
NZ$374.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the home furnishings retailers peer group is "buy."
Wall Street's median 12-month price target for Briscoe Group Ltd is NZ$4.85, about 5.4% above its July 31 closing price of NZ$4.60
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
July 31 - Germany's Puma Q2 sales down on weaker consumer demand in key regions
July 31 - George Weston Q2 revenue meets estimate on retail growth
July 30 - New Zealand consumer confidence rises in July, ANZ survey says

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)