Warehouse delivers first annual loss in its 42-year history

Interim CEO John Journee remains cautious about FY25. (Image: The Warehouse)

Thu, 26 Sep 2024

The Warehouse Group has reported the first annual loss in its 42-year history, a performance it said was unacceptable.“There’s a big job ahead of us to get the company back on track and we are already on that journey,” said chair Joan Withers in a conference call after the results.The company reported a $54.2 million net loss after what it says was one of its “toughest years” ever. The net loss for the 52 weeks to July 28 compared with a net profit of $29.8m in the previous year.The board opted not to declare...

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