Warehouse pays biggest dividend in 5 years after lifting annual earnings 26%

Tue, 24 Sep 2019

By Paul McBeth Sept. 25 (BusinessDesk) - Warehouse Group will pay its biggest dividend in five years as efforts to turn the ship around have started paying off with a 26 percent lift in annual underlying profit. Adjusted profit, which strips out one-off and non-operating items, rose to $74.1 million in the 52 weeks ended July 28 from $59 million the previous year and was in line with the company's upgraded guidance provided in August. Sales rose 2.6 percent to $3.07 billion and gross margin improved to 33.5 percent from 33.1 percent a ye...

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