Sharechat Logo

Briscoe Group Limited (NZX: BGP) 4th Quarter Sales to 31 January 2021

Tuesday 9th February 2021

Text too small?

The directors of Briscoe Group announce unaudited sales for the 14-week quarter ended 31 January 2021 were $248.1 million, an increase of 18.29% on the 13-weeks ended 26 January 2020. The 14-week quarter is necessary because the Group operates on a weekly trading and reporting cycle of 52 weeks for most years with a 53-week year required once every five to six years to realign the financial and calendar year-ends.

Homeware sales increased by 18.77% to $156.2 million, while sporting goods sales were $91.9 million, an increase of 17.47% on the fourth quarter last year. On a same-store same-day basis, the Group’s sales for the fourth quarter ended 31 January 2021 were 11.89% above the fourth quarter for last year. On the same-store same-day basis, homeware sales increased by 12.62% and sporting goods sales increased by 10.68% for the same quarter.

Full year: 27 January 2020 - 31 January 2021 (53 weeks):

Total sales for the Group for the 53 weeks ended 31 January 2021 of $701.8 million, being 7.47% above the $653.0 million achieved for the 52 weeks ended 26 January 2020.

For the 53-week period from 27 January 2020 to 31 January 2021, homeware sales increased by 6.89% to $439.2 million while sporting goods sales increased sales by 8.45% to $262.6 million.

Commentary

Managing Director Rod Duke said: “The Group has continued to perform significantly ahead of last year through the final quarter of the year, which has resulted in Group sales surpassing $700 million for the first time. That’s a fantastic milestone for the Group to achieve, particularly in a year with so much upheaval and uncertainty.

“Both the Homewares and Sporting goods segments performed impressively throughout the final quarter posting increases over the same quarter last year of 18.77% and 17.47% respectively and closing the full year with growth of 6.89% and 8.45%, respectively.”

Board Chair, Dame Rosanne Meo said, “We’re very proud of how the Group has performed during this extraordinary year - certainly from a financial results perspective but also as a supportive employer and a responsible business.

“Throughout the disruption of Covid-19 we supported our team in full, financially as well as emotionally. There were no redundancies or permanent store closures. We were one of the first major retailers to repay the government wage subsidy and have also, just last month, paid a special dividend to our shareholders whose previous year’s final dividend was cancelled with the onset of Covid-19 in March 2020. A final dividend is expected to be announced with the release of the Group’s full-year results on 16 March 2021.”

Please see the link below for details:

BGP - 4th Quarter Sales to 31 January 2021

Source: Briscoe Group Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits
New Zealand Oil & Gas Limited (NZX: NZO) Half-Year Result 31 December 2020
Scales Corporation Limited (NZX: SCL) 2020 Annual Results Announcement
Marsden Maritime Holdings Limited (NZX: MMH) Half Year Result
Tourism Holdings Limited (NZX: THL) Interim Results FY21
Steel & Tube Holdings Limited (NZX: STU) Interim Results to 31 December 2020

IRG See IRG research reports