Warehouse delivers first annual loss in its 42-year history

Warehouse delivers first annual loss in its 42-year history
Interim CEO John Journee remains cautious about FY25. (Image: The Warehouse)
Rebecca Howard
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...

More Markets

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Cash or invest? What Allied Farmers could do with $7m
Markets Small Cap Wrap

Cash or invest? What Allied Farmers could do with $7m

Plus, Promisia's insightful guidance, numerous AGMs, and more.