‘Pretty big beat’: Hallenstein Glasson impresses

Hallenstein Glasson shares rose on Thursday after it reported an increase in sales. (Image: NZME)

Fri, 29 Aug 2025

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...

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