Warehouse transformation shows 'encouraging signs' with earnings upgrade - Forsyth Barr

Thu, 25 Jul 2019

By Paul McBeth July 26 (BusinessDesk) - Warehouse Group's efforts to revive flagging growth are showing "encouraging signs" after the retailer upgraded its earnings forecast, says research house Forsyth Barr. The retailer yesterday said better trading and gains from its transformation programme mean adjusted profit after tax will beat the previous guidance of $63-$66 million in the year ending July 28, and it now expects to report adjusted profit of $67-$70 million, up from $59 million a year earlier. The improvement was due to a better...

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