Briscoe posts another record annual profit

Briscoe posts another record annual profit
Managing director Rod Duke said the result was despite covid lockdowns. (Image: Getty)
Jenny Ruth
Briscoe Group lifted annual net profit by more than 20% as sales volumes grew and profit margin fattened while the company signalled it expects that strong performance to continue.The homewares and sporting goods retailer reported an $87.9 million net profit for the year ended Jan 30 compared with the previous year's $73.2m which included an extra week of trading.Sales were up just over 6% at $744.4m, although, adjusted for the previous year's extra week, the increase was nearly 8%.The company will pay a final dividend of 15.5 cents per...

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.