Forsyth Barr analysts cautious on The Warehouse Group as another cost reset begins

Forsyth Barr analysts cautious on The Warehouse Group as another cost reset begins
Tough retail times continue. (Image: Supplied)
Rebecca Howard
Forsyth Barr analysts continue to rate The Warehouse Group at underperform as near-term earnings risk remains negatively skewed.“We need to see tangible improvement in its cost base; and market share dynamics with key competitors before becoming more positive on the investment case,” the analysts said in a note. They lifted the 12-month target price by 2 cents to 82 cents per share. The shares were trading at 80 cents late on Tuesday. On Monday, the company said the group's gross margins in the 13 weeks to Nov 2 were d...

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