Sales up but lower half-year net profit expected for Briscoe

Sales up but lower half-year net profit expected for Briscoe
(Image: NZME)
Ella Somers
Briscoe Group’s sales edged higher in its first half – surprising the group’s own managing director – but net profit is still expected to be several million lower than last year.The homeware and sporting goods retailer announced $369.2 million in half-year unaudited sales to the market on Wednesday, 0.35% higher than the $367.9m during the previous corresponding period.Briscoe said net profit after tax for the 26 weeks to July 30 would be “in excess” of $42m – a drop from the $45.6m in net profit B...

More Retail

Harvey Norman ‘deterrent’ clause not enforceable: lawyers
Retail

Harvey Norman ‘deterrent’ clause not enforceable: lawyers

Retailer’s proprietor structure opts out of employee relationship.  

Why this firm wants to be the waste king of the north
Retail The Small Cap Wrap

Why this firm wants to be the waste king of the north

Plus, New Talisman's success spurns auditor, Esquires to India, and more.

NZ sharemarket drops despite upbeat update
Retail Market Close

NZ sharemarket drops despite upbeat update

With reporting season looming, the NZX dipped slightly.

Tom Raynel 08 May 2025
‘Encouraging’: Warehouse Group Q3 sales up 2.2%
Retail

‘Encouraging’: Warehouse Group Q3 sales up 2.2%

Foot traffic is up, but margins are down.

Gregor Thompson 08 May 2025