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

Staff reporters
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...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE
Housing dominates Labour's first meeting of 2021
Brent Melville | Thu, 21 Jan 2021

Government has rolled out its much heralded plan for public housing ahead of this week's Labour Party retreat. 

Tech investors chafe at foreign investment rules
Peter Griffin | Thu, 21 Jan 2021

NZ must compete to attract and retain tech investment. 

Schools blocked 2.9 million cyber threats daily
Henry Burrell | Thu, 21 Jan 2021

Distracting and non-work content drove most of the blocking, with only about 6 percent of material considered harmful. 

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.

What has Covid-19 changed for supply chains?

Covid-19 has helped businesses recognise Supply Chain as a critically important function within their organisation.