Originally Posted by
LaserEyeKiwi
some major caveats with that comparison:
- WHS had an extra week in their 2020 reporting (53 weeks) - so the 7.6% increase in sales is with one less week.
- WHS closed a net of 5 stores last year, so the same store sales increase is larger than 7.6%.
also where is the 16% stats nz figure from? Warehouse financial year runs from August 2nd 2020 to August 1st 2021, and I haven’t seen any stats NZ figures that cover July 2021 yet (the latest reports are for quarter ending June).
also from page 37 of todays annual report:
”We have been able to grow margin without eroding our value perception as a result of our price optimisation programme. Whilethe Group’s sales grew significantly during the year, and at stronger margins across the board, the New Zealand market experienced significant growth in categories the Group doesn’t fully participate in, including restaurants (+23.7%), home building supplies (+16.3%), and health goods and services (+16.0%). As a result of this uneven growth across the market, the Group’s market share declined -0.2 points to 6.0% of total retail sales (including grocery and food)”