Warehouse lifts 1Q sales 7.7 percent, outpacing last year's 3.5% gain

Thu, 05 Nov 2015

By Tina Morrison Nov. 6 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, boosted first-quarter sales 7.7 percent and improved margins at its discount chain ahead of the key Christmas trading period. Group sales rose to $634.5 million in the quarter ended Nov. 1, from $589.4 million in the year-earlier quarter, when sales increased 3.5 percent, the Auckland-based company said in a statement. Warehouse, which posted a 5.9 percent drop in profit last year, is seeking to generate earnings growth following a...

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