The Warehouse Group Limited FY23 Results

Thursday 28th September 2023

Highlights

• Group sales of $3.4 billion, up 3.2% on prior year, including record sales result for The Warehouse of $1.9 billion, up 9.6% on prior year

• FY23 gross profit margin decreased 190 basis points compared to FY22 but an improvement on FY23 H1

• Reported Net Profit After Tax of $29.8 million – down 66.6% on prior year

• Adjusted Net Profit After Tax of $37.5 million – down 56.2% on prior year

• Operating cash flow improved 103.2% from FY22 to $214.2 million in FY23

• Net debt of $48.1m and available liquidity of $421.9 million as at FY23

• Final dividend of 8.0 cents per share declared

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