Warehouse Group lifts FY guidance, plans goodwill impairment for Torpedo7

Thu, 30 Aug 2018

By Rebecca Howard Aug. 31 (BusinessDesk) - Warehouse Group now expects its full-year adjusted net profit to be approximately 10 percent higher than it previously forecast and announced plans for a $25.6 million impairment of goodwill related to Torpedo7 as it expands into physical stores. "Following a stronger than expected end to the trading year in its core Red Sheds and Noel Leeming businesses" the company now expects adjusted net profit for the 12 months to July 29 to be in a range of $58 million to $59.5 million versus the $50 mill...

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