Earnings upgrade - performance not good enough to pay bonus’s in full (good)
Does make you wonder how much these generous bonuses are though - holding back $6m of a much bigger expected amount ..hmm
http://nzx-prod-s7fsd7f98s.s3-websit...640/305981.pdf
In the previous update provided by The Warehouse Group on 25 July 2019, guidance for adjusted net profit after tax for the year was revised up to a range of $67m-$70m. It was also stated that the forecast included a full accrual for the year’s incentive payments. As expected, these have not been fully triggered and, as a consequence, we are further revising guidance for adjusted net profit after tax upwards, to a range of $73m - $75m.