Warehouse posts 5% gain in 3rd-qtr sales, says FY profit on track

Thu, 07 May 2015

By Tina Morrison May 8 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, posted a 5 percent gain in third quarter sales which it said was in line with its expectations and meant it was on track to meet its forecast annual profit. Sales rose to $635.1 million in the three months ended April 26, from $604.8 million in the year earlier period, the Auckland-based retailer said in a statement. The sales growth lags behind the 8.6 percent increase in the year earlier third quarter. Warehouse is focusing on red...

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