The Warehouse Group Limited today announced its half-year results

Tuesday 22nd March 2022

The Warehouse Group announced half year results for the six months ending 30 January 2022 with Group sales of $1,730.0 million, down 4.3% on the FY21 half year, but up 2.8% on pre-COVID-19 period of FY20 half year.

In the six-month reporting period, the Group’s Auckland stores were closed for a total of 84 days due to COVID-19 Level 4 and Level 3 lockdowns – 46% of Auckland’s normal trading days. While the Group’s New Zealand wide stores (ex-Auckland) were closed for 23% of normal trading days.

The first quarter was particularly impacted due to lockdown restrictions with sales down 14.6% against FY21 Q1, but the second quarter saw a pleasing recovery with total Group sales a record $1,099.3 million, up 2.8% on FY21 Q2 and up 11.2% on pre-COVID-19 FY20 Q2. Total Group sales for the FY22 half year were up 2.8% compared to pre-COVID-19 FY20 H1.

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