Warehouse raises forecast $20m; shares reach 11-month high

Fri, 08 Jan 2021

Shares in The Warehouse Group touched an 11-month high after the company raised its half-year profit forecast by $20 million on the back of strong Christmas and New Year sales.The firm, which operates the Warehouse and Warehouse Stationery stores, alongside the Noel Leeming home appliance and Torpedo7 sports equipment chains, said in late December trading had been stronger than expected.Today it said that trend had continued into early 2021. Where the firm had earlier expected to report an adjusted net profit of more than $70 million for the si...

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