New Zealand · Delayed Price · Currency is NZD The Warehouse Group Earnings Call Transcripts
Fiscal Year 2026
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Sales grew 0.3% to NZD 1.6 billion with operating profit up 38% amid a tough retail climate. Margin recovery, cost control, and inventory management remain priorities, while no interim dividend was declared due to ongoing uncertainty.
Fiscal Year 2025
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The meeting reviewed a difficult year marked by flat sales, margin decline, and a net loss, prompting a strategic reset and leadership changes. No dividend was declared, and cost control remains a priority. Shareholders approved director re-elections and auditor fee authorization, with management focused on restoring profitability and brand strength.
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FY25 saw flat like-for-like sales amid tough economic conditions, with margin declines leading to a net loss and no dividend. Leadership changes and cost controls are in place, with FY26 focused on margin recovery, cost reduction, and working capital improvements.
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Sales declined 1.6% year-over-year but showed improving trends, with cost reductions and strong liquidity supporting a turnaround. Gross margins remain under pressure from promotions and legacy stock, and no interim dividend was declared. H2 EBIT is expected to be similar to last year's loss.
Fiscal Year 2024
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FY 2024 saw a significant financial downturn, with a net loss after tax and declining sales, prompting a strategic reset to focus on core brands and cost reduction. Leadership changes, board succession, and refreshed product strategies aim to restore profitability and market share.
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FY 2024 saw a first-ever annual loss due to weak sales, margin pressure, and one-off costs from divestments. Leadership reset strategy to focus on core brands, with cost control and product mix improvements underway. Market conditions remain tough, but early FY 2025 shows some market share recovery.