The Warehouse expects net profit to double

Fri, 14 May 2021

Listed retailer The Warehouse Group said today it expected net profit after tax of more than $160 million for the full financial year, after reporting $80.7m net profit after tax in the previous financial year.In a statement to the NZX, the company said its third-quarter sales rose 35% to $791.2m when compared with the same time last year, with Noel Leeming sales rocketing 21.2%.It said sales growth was underpinned by significant growth in Noel Leeming and Torpedo7, continuing their growth and turnaround performances of the past year.However, i...

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