Warehouse 1H earnings fall, forecasts full-year to drop by about a quarter

Wed, 07 Mar 2018

By Tina Morrison March 8 (BusinessDesk) - Warehouse Group confirmed that its first-half earnings fell, and warned its full-year result may drop by about a quarter as it transitions its iconic red shed discount stores to an 'everyday low prices' model and integrates its businesses. Adjusted profit fell 16 percent to $37.7 million in the six months ended Jan. 28, which was ahead of the company's forecast range of $32 million to $35 million. The second-half performance was likely to be similar to the year-earlier, producing full-year adjuste...

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