Retail

Briscoe posts another record annual profit

Jenny Ruth
Wed, 16 Mar 2022

Briscoe posts another record annual profit
Managing director Rod Duke said the result was despite covid lockdowns. (Image: Getty)
Jenny Ruth
Wed, 16 Mar 2022
Briscoe Group lifted annual net profit by more than 20% as sales volumes grew and profit margin fattened while the company signalled it expects that strong performance to continue.The homewares and sporting goods retailer reported an $87.9 million net profit for the year ended Jan 30 compared with the previous year's $73.2m which included an extra week of trading.Sales were up just over 6% at $744.4m, although, adjusted for the previous year's extra week, the increase was nearly 8%.The company will pay a final dividend of 15.5 cents per...

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