The Warehouse forecasts ebit to fall 64% in FY24

Interim chief executive John Journee has been in the job since May. (Image: Supplied)

Mon, 24 Jun 2024

The Warehouse Group expects annual sales from continuing operations to fall 6-7% on the year and said full-year earnings would be sharply lower. Based on fourth-quarter trading conditions, the group forecasted full-year earnings before interest and taxation (ebit) to be between $22 million and $30m for the year to July 31.This constituted a drop of at least 64% compared with the $83.4m recorded in the 2023 financial year.The shares were trading down 1.9% at $1.050 in early trading. 'Decisive action'This guidance estimate...

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