Warehouse affirms forecast for higher 2015 profit even amid softer trading

Thu, 20 Nov 2014

By Tina Morrison Nov. 21 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast heading into the key Christmas trading period. "As the group's earnings are significantly influenced by the Christmas trading performance it is too early to provide specific earning guidance," chairman Ted van Arkel told the company's annual meeting in Auckland. "Trading over the last few weeks has been softer than our plan, which emphasises the importanc...

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