Briscoe's Duke says full-year profit rose 25% to about $59 mln

Wed, 01 Feb 2017

By Jonathan Underhill Feb. 2 (BusinessDesk) - Briscoe Group managing director and majority shareholder Rod Duke said profit rose about 25 percent to $59 million in the year ended Jan. 29 as the household and sporting goods retailer resisted discounting to protect its gross margins. Duke gave the guidance while releasing sales figures for the fourth quarter and full year. Sales in the 52 weeks ended Jan. 29 rose 5.4 percent to $583 million from $553 million in the 53-week period a year earlier, the Auckland-based company said in a statemen...

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