Brief: Warehouse Group Expects HY22 Adjusted NPAT To Exceed NZ$40 Mln

Warehouse

07/01/2022 08:34

Jan 7 (Reuters) - Warehouse Group Ltd  WHS.NZ :
    * GROSS PROFIT MARGIN FOR FIRST 5 MONTHS OF FY22 WAS 55BPS
LOWER
THAN SAME PERIOD IN FY21
    * FOR FIRST TWO MONTHS OF SECOND QUARTER, GROUP SALES WERE
UP 2.3%
ON FY21
    * ONGOING DISRUPTION TO WORLDWIDE SUPPLY CHAINS HAS MADE
MANAGING
STOCK FLOW THROUGH PEAK TRADING PERIOD CHALLENGING
    * ROBUST SHIPPING AND STOCK MANAGEMENT CONTROLS HAVE MANAGED
INVENTORY LEVELS
    * EXPECTS ADJUSTED NET PROFIT AFTER TAX (NPAT) FOR HY22 TO
EXCEED
NZ$40M
    * GROUP IS WELL POSITIONED FOR REMAINDER OF SUMMER AND BACK
TO
SCHOOL TRADING PERIODS
    * WAREHOUSE GROUP LTD SEES HALF-YEAR SALES BEING CIRCA
NZ$80M LESS
THAN FY21
    * WAREHOUSE GROUP SEES ADDITIONAL COSTS OF NZ$10M - NZ$12M
REFLECTING COVID-RELATED IMPACT TO OPERATIONS FOR HY


Further company coverage:  WHS.NZ 

 (Reuters.Briefs@thomsonreuters.com)