‘Pretty big beat’: Hallenstein Glasson impresses

‘Pretty big beat’: Hallenstein Glasson impresses
Hallenstein Glasson shares rose on Thursday after it reported an increase in sales. (Image: NZME)
Gregor Thompson
Analysts are impressed by a Hallenstein Glasson trading update, saying the company is clearly outperforming its listed peers.     On Thursday, the retailer told the market that sales for the 12 months to Aug 1 were up 8.1% to $470m.It said net profit after tax (npat) was expected to be between $57.5m and $58.5m, the mid-range of which would constitute an 11.3% lift on last year. While he said the update was “light on detail”, Forsyth Barr equity analyst Paul Koraua said it beat his profit expectati...

More Retail

Restaurant Brands NZ's indy directors say low offer still tasty
Retail

Restaurant Brands NZ's indy directors say low offer still tasty

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

Staff reporters 28 Oct 2025
Mitre 10 starts banking IT project gains
Retail

Mitre 10 starts banking IT project gains

The hardware store chain has gained share in a tough market.

Pattrick Smellie 25 Oct 2025
Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture
Retail

Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture

A 245-hectare fire burning its way through forest near Pōrangahau, Central Hawke’s Bay, is likely to continue to cause firefighters headaches over the next week. Ingka Investments Management New Zealand operations manager Dylan Foster said roughly 80 hectares of their 550-hectare...

Staff reporters 22 Oct 2025