WHS reports FY loss in one of its toughest years on record

The board has opted not to pay a final dividend. (Image: NZME)

Thu, 26 Sep 2024

The Warehouse Group has reported a $54.2 million net loss after what it says was one of its “toughest years” on record. 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 a final dividend. “The economic climate in Aotearoa New Zealand has been difficult for most retailers, with inflation, high interest rates and a weak economy significantly reducing consumer demand,” said chair Joan Withers.“However, our trading performance and...

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