The Warehouse forecasts ebit to fall 64% in FY24

The Warehouse forecasts ebit to fall 64% in FY24
Interim chief executive John Journee has been in the job since May. (Image: Supplied)
Staff reporters
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...

More Retail

Hospitality tech firm Bustle brewing up success
Retail

Hospitality tech firm Bustle brewing up success

App for cafes is steaming ahead with a plan to grow to 5000 customers in three markets.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

Gregor Thompson 02 Apr 2025
Are all Willis’ duopoly-breaking options really on the table?
Retail Analysis

Are all Willis’ duopoly-breaking options really on the table?

A survey of her external adviser's views suggests not.

Gregor Thompson 01 Apr 2025