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Briscoe tempers full-year expectations, with profit down

However, the retailer’s managing director is confident in the group’s ability to deliver a strong result in the circumstances.

Briscoe Group reported interim results this morning.

Kate McVicar Wed, 11 Sep 2024
Key points
  • Revenue: Up 0.8% to $372 million for the six months ended July 28 2024.
  • Profit: Down 22% to $33.21m.
  • Main takeaway: Briscoe delivered sales growth but the retailer doesn’t expect to be able to replicate its previous net profit after tax result.  

Briscoe Group delivered record interim sales but managing director Rod Duke has cautioned it doesn’t expect to be able to replicate last year’s full year net profit after tax.

“While we will not be able to replicate last year’s full year npat of $84.2m, I am confident about the group’s

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Kate McVicar Wed, 11 Sep 2024
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Up 0.8% to $372 million for the six months ended July 28 2024.
  • Profit: Down 22% to $33.21m.
  • Main takeaway: Briscoe delivered sales growth but the retailer doesn’t expect to be able to replicate its previous net profit after tax result.  
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Briscoe tempers full-year expectations, with profit down
Investment,
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