Warehouse CEO focuses on growth, says falling share price not reflective

The Warehouse Group [NZX:WHS] share price has been in steady decline this year and some analysts have sell recomendations on the stock – but its management are not concerned.

The group – which includes The Warehouse ‘Red Sheds’, Warehouse Stationary, Noel Leeming, outdoor adventure stores Torpedo7 and R&R Sports, and financial services provider Diners Club – this morning reported an 18% rise in group sales to $2.65 billion, but a 46% fall in annual net profit and an 18% drop in earnings.


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