Hallenstein Glasson Holdings, the clothing chain, said sales in the first four months of the year are up 7% and profit is ahead of the same period last year.
"While this is a good start, the success of the first half of our financial year hinges on our December trade," chairman Warren Bell told shareholders at their annual meeting in Auckland today.
"We are well positioned and will make every endeavour to ensure we enjoy strong trade over this all-important trading period.
In September, the Auckland-based company posted a 15% to $21 million, exceeding its own guidance.
The shares rose 0.2% to $5.09 on the NZX today and have soared 45% this year.
The shares are rated a "hold" based on the consensus of five analysts polled by Reuters with a price target of $4.60.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- TPP: The battle for the IP chapter
- Government early investment boosts commercialisation of public funded science: report
- MyFarm revises kiwifruit offer after market feedback
- Analysis: The complex planning of 'surprise' leader visits
- MARKET CLOSE: Shares fall as Kiwi Dollar climbs; Kathmandu, Fletcher, SkyCity decline