Sharechat Logo

The Warehouse Group Limited (NZX: WHS) Trading Update

Thursday 25th February 2021

Text too small?

The Warehouse Group has today updated its guidance for its half year result. On 8 January the Group stated that it expected Adjusted Net Profit After Tax (Adjusted NPAT) for the half year ended 31 January 2021 to exceed $90m, before accounting for the impact of repaying the wage subsidy.

Revised guidance is that H1 FY21 Adjusted NPAT will exceed $110m, compared to a figure of $46.2m in H1 FY20. The half year result is still subject to the finalisation of audit review.

Group CEO, Nick Grayston says, “Strong trading over the January period, combined with excellent operational performance and cost management, has delivered an improved result.”

The Group’s trading gross margin will be up circa 185 basis points versus prior guidance of 170 basis points and closing cash was $183m versus FY20 year-end position of $168m.

Please see the link below for details:

The Warehouse Group - Trading Update

Source: The Warehouse Group Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Tower Limited (NZX: TWR) Updates Guidance
South Port New Zealand Limited (NZX: SPN) 2021 Annual Report
22nd September 2021 Morning Report
Kathmandu Holdings Limited (NZX: KMD) FY21 Annual Results Announcement
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Update on Demerger and Office Fund
21st September 2021 Morning Report
Kiwi Property Group Limited (NZX: KPG) Gives Green Light to Build-to-Rent
20th September 2021 Morning Report
General Capital Limited (NZX: GEN) Equifax Affirms General Finance BB- Rating
17th September 2021 Morning Report