Warehouse heartened by Q1 sales growth, improved margins

Thu, 08 Nov 2018

By Gavin Evans Nov. 9 (BusinessDesk) - Warehouse Group says it is encouraged by a 3.6 percent increase in first-quarter sales and improved margins at its core Warehouse chain and stationery outlets. The company said the rise in group sales to $668.3 million was particularly encouraging given sales in the first-quarter last year fell 1.7 percent. The biggest improvement within the group was at Noel Leeming, where sales improved by $14.5 million, or 7.4 percent, to $209.6 million. They rose 3.2 percent on a same-store basis. Sales at...

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