Net profit up but post-pandemic online sales down for Hallenstein Glasson

Net profit up but post-pandemic online sales down for Hallenstein Glasson
New Zealand sales saw a small increase of 7.7%, but Australian sales shot up 21.8%. (Image: Glassons)
Ella Somers
Hallenstein Glasson Holdings reported a 24.9% jump in net profit as the retailer continued to enjoy the post-pandemic trading environment.Group sales for the 12 months ended Aug 1 rose 16.7% to $409.7 million, up from $351.2m in the previous year.  Audited net profit after tax edged up almost 25% to $31.9m, up from the 2022 net profit of $25.6m but lower than the net profit of $33.3m in 2021. Group chief executive Stuart Duncan said the sales performance of HLG’s brands was “well ahead” of the prior co...

More Retail

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025
Foodstuffs serves up reuse trial with Bonson
Retail

Foodstuffs serves up reuse trial with Bonson

Most shoppers skip reusable bags so will they return deli trays?

Cécile Meier 01 Jul 2025
Cooks Coffee flags ‘material uncertainty’
Retail

Cooks Coffee flags ‘material uncertainty’

Executive chair Keith Jackson says the firm is not concerned. 

Gregor Thompson 30 Jun 2025