Brief: Warehouse Group Qtrly Sales Fall 2.5%

Warehouse

12/05/2022 21:34

May 13 (Reuters) - Warehouse Group Ltd  WHS.NZ :
    * GROUP SALES FOR 13 WEEKS TO 1 MAY WERE NZ$771.6 MILLION,
DOWN
2.5%
    * GROUP GROSS PROFIT MARGIN WAS 35.6% IN FY22 Q3, IN LINE
WITH
35.5% GROSS PROFIT MARGIN IN FY21 Q3
    * EXPECT SHIPPING SCHEDULES WILL REMAIN CONSTRAINED THROUGH
Q4 AND
INTO FY23
    * PRODUCT SUPPLY WAS DISRUPTED IN Q3 DUE TO ONGOING
CHALLENGES IN
SUPPLY CHAIN
    * QTRLY ONLINE SALES WERE NZ$86.6 MILLION, UP 7.4% COMPARED
TO
FY21 Q3
    * WHILE STOCK CONTINUES TO FLOW, SHIPPING COSTS REMAIN VERY
HIGH
    * TRADING ENVIRONMENT CONTINUES TO BE VERY CHALLENGING WITH
HIGH
INFLATION IMPACTING CONSUMER SPENDING

Further company coverage:  WHS.NZ 

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