Warehouse affirms guidance, sees growth in consumer spending

Thu, 22 Nov 2012

Nov. 23 (BusinessDesk) - Warehouse Group, the country's biggest listed retailer, reiterated its forecast for this year's earnings to beat those in 2012, and sees signs of growth in consumer spending. Chairman Graham Evans told shareholders at today's annual meeting that adjusted profit in the 2013 year will likely beat the $65.2 million and the retailer will update that guidance when it releases first-half earnings in March. Warehouse sees signs of growth in non-food retail sales and expects further improvement in the coming year. "Having...

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