Brief: Hallenstein Glasson Sees Qtrly Loss After Tax From Feb 2 To April 30 Of About NZ$2.8 Mln

Hallenstein Glasson Holdings

12/05/2020 23:17

May 13 (Reuters) - Hallenstein Glasson Holdings Ltd
 HLG.NZ :
    * FROM 14 MAY THERE WILL BE PHASED REOPENING OF NZ STORE
NETWORK
FOR GLASSONS & HALLENSTEIN BROTHERS BRANDS
    * IN AUSTRALIA, STARTED TO PROGRESSIVELY OPEN STORES
    * EXPERIENCED SIGNIFICANT GROWTH IN ONLINE CHANNEL COMPARED
TO PRE
COVID-19 SITUATION
    * EXPECT ONLINE SALES TO REPRESENT MUCH LARGER SHARE OF
TOTAL
SALES IN FUTURE
    * SEES QTRLY LOSS AFTER TAX FROM FEB 2 TO APRIL 30 OF ABOUT
$2.8
MILLION
    * ANTICIPATE TO TRADE PROFITABLY FROM MAY ONWARDS
    * SALES FOR FIRST 14 WEEKS OF CURRENT SEASON, FROM 2 FEB,
DOWN
ABOUT 32.1%
    * TRADE PROFITABLY FROM MAY ONWARDS EXPECTED TO BE AT A
LOWER
LEVEL THAN SAME PERIOD LAST YEAR
    * DIRECTORS, EXECUTIVES AND LEADERSHIP TEAMS HAVE AGREED TO
A
SHORT-TERM REDUCTION OF THEIR SALARIES
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW9pmTTg 
Further company coverage:  HLG.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))