Warehouse beats annual profit forecast, keeps dividend unchanged

Thu, 21 Sep 2017

By Tina Morrison Sept. 22 (BusinessDesk) - Warehouse Group, known for its flagship 'red shed' discount department stores, beat its annual profit forecast after a better-than-expected second half, and kept its full-year dividend payout unchanged for a third straight year. Adjusted profit fell 7.7 percent to $59.2 million in the 52 weeks ended July 30, from $64.1 million a year earlier, the Auckland-based company said in a statement. That's ahead of the company's forecast for adjusted profit of $54 million to $58 million. Net profit slu...

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