The Warehouse Group has updated its guidance for ebit in the 2025 financial year, with the group now expecting ebit (pre-ifrs16) to be in the range of a $5 million loss to a $5m profit.
The company said while it achieved 2.2% sales growth in the third quarter compared to the same period last year, sales growth in the fourth quarter has been more challenging.
It attributed this to a delayed winter and continued subdued consumer confidence, which led to a highly promotional retail environment and greater trading variability across The Warehouse, Noel Leeming, and Warehouse Stationery.
However, the group said sales strengthened in June as colder weather arrived.
The timing of New Zealand's economic recovery remains uncertain and is weighing on discretionary consumer spending.
The Warehouse Group will release its full financial year 2025 results on October 2.
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