Warehouse lifts 3Q sales 5.5%, maintains annual profit forecast

Thu, 12 May 2016

By Tina Morrison May 13 (BusinessDesk) - Warehouse Group, the country's largest listed retailer, lifted third-quarter sales 5.5 percent to $672.2 million and said it's on track to meet its forecast annual profit. Auckland-based Warehouse, known for its distinctive 'red shed' big barn discount stores, has spent hundreds of millions of dollars overhauling its outlets and buying new businesses to drive growth in the past few years. It retained its forecast for annual profit excluding one-time items of $61 million to $64 million, which would...

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