‘Unacceptable’: Warehouse forecasts another second-half earnings loss

The Warehouse Group first-half sales were down compared with last year. (Image: NZME)

Mon, 03 Mar 2025

The Warehouse Group expects another second-half earnings loss as wariness about the pace of New Zealand’s economic recovery persists. In a trading update released to the NZ Exchange (NZX) on Monday, the retail group’s interim chief executive, John Journee, said there remains “significant uncertainty” around the group’s second-half performance. “At this stage, management’s best estimate of second half earnings before interest and taxes (ebit) [from continuing operations] is that it will be broa...

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