Warehouse earnings fall 13% in year of 'significant change'

Thu, 20 Sep 2018

By Rebecca Howard Sept. 21 (BusinessDesk) - Warehouse Group said its annual earnings fell 13 percent in a period of "significant change" for the business. The shares opened higher as the result was in line with guidance. Net profit adjusted for one-time items was $59 million in the year to July 29, within the $58 million to $59.5 million range the company gave in late August. The shares traded up 0.5 percent at $2.04 shortly after the market opened. The company's reported net profit was up 12 percent to $22.9 million and include...

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