The Warehouse Group Limited FY22 Result

The Warehouse Group has announced its FY22 annual result, with Group sales of $3.3 billion, down 3.5% from the prior year but up 3.8% from FY20.

Reported Net Profit After Tax was $89.3 million, down 18.3%, while Adjusted Net Profit After Tax was $85.5 million, down 48.9%.

Group online sales were up 39.8%, making up 15.3% of total Group sales, and MarketClub, the Group membership programme, acquired nearly 600,000 active members in its first 10 months.

A final dividend of 10.0 cents per share was declared, resulting in full year dividends of 20.0 cents per share.