Brief: Warehouse Group Posts Q1 Group Sales NZ$713.3 Million

Warehouse

24/11/2023 01:01

Nov 24 (Reuters) - Warehouse Group Ltd  WHS.NZ :
    * Q1 GROUP SALES NZ$713.3 MILLION, A  DECLINE OF 6.7%
    * Q1 GROUP GROSS PROFIT NZ$243.4 MILLION, DOWN 1.6%
    * WELL POSITIONED AS WE MOVE INTO OUR BIGGEST QUARTER WITH
GOOD
LEVELS OF STOCK ACROSS ALL OUR  BRANDS
    * PLANNED PROJECT EXPENDITURE OF NZ$80 MILLION IN FY24
    * FY24  STARTED WITH SOFTER SALES THAN EXPECTED, BUT WITH
GROSS
PROFIT MARGIN IMPROVEMENTS BROADLY IN LINE WITH EXPECTATIONS

Further company coverage:  WHS.NZ 

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