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04-08-2022, 09:31 AM
#811
Originally Posted by bull....
good result , worth noting they see a slowdown coming
I think what Rod is getting at is this:
Last edited by Snow Leopard; 04-08-2022 at 09:54 AM.
om mani peme hum
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04-08-2022, 09:35 AM
#812
“Our online channel continues to respond well and performed magnificently, recording sales growth
in excess of 22% for the half and representing 19.4% of Group sales compared to 16.2% for the
previous year’s first half."
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04-08-2022, 10:26 AM
#813
The trading update reinforces in my view Briscoe's operational excellence. To be able to achieve good sales growth (even if negative 'real' growth), keeping margins within 1% of the PCP, and retaining confidence they will outperform FY22 NPAT (which was outstanding & I thought would be a high watermark), is an exceptional achievement within the current macro environment for a retailer (although they still have to achieve it).
It also highlights how good BGP's systems are and the financial/operational awareness it brings. The quarter is barely closed, and boom, the books are closed and completed, a trading update provided to the market, not just on sales but on how NPAT is tracking. At the ASM ~3 months ago they had the confidence to provide guidance for the FY23 NPAT, despite being just 1 quarter into the new financial year. Compare that to other large retailers with their FY22 now completed who still haven't even provided guidance for the year already completed (some since January), let alone for the current financial year. Bad analogy but sort of like the cockpit on a jet - BGP have excellent controls and awareness of the environment they are in, and highly capable of how to use the suite of tools available to them to best effect. Won't stop turbulence or headwinds, but good to have as conditions worsen.
Last edited by Muse; 04-08-2022 at 10:28 AM.
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04-08-2022, 11:27 AM
#814
Winner() -> RetailOnline.SalesYTD() > RetailOnline.SalesLYTD() ;
No winner dont believe this as another announcement will right this terrible result!!!
oh hang on that is Greater than sign .... not so bad then....
Last edited by Waltzing; 04-08-2022 at 11:31 AM.
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04-08-2022, 11:27 AM
#815
FM dont forget the new store formats being rolled out .... the real lesson for other retailers ... WHS look and learn.
Last edited by Waltzing; 04-08-2022 at 11:29 AM.
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04-08-2022, 11:39 AM
#816
Originally Posted by Fiordland Moose
The trading update reinforces in my view Briscoe's operational excellence. To be able to achieve good sales growth (even if negative 'real' growth), keeping margins within 1% of the PCP, and retaining confidence they will outperform FY22 NPAT (which was outstanding & I thought would be a high watermark), is an exceptional achievement within the current macro environment for a retailer (although they still have to achieve it).
It also highlights how good BGP's systems are and the financial/operational awareness it brings. The quarter is barely closed, and boom, the books are closed and completed, a trading update provided to the market, not just on sales but on how NPAT is tracking. At the ASM ~3 months ago they had the confidence to provide guidance for the FY23 NPAT, despite being just 1 quarter into the new financial year. Compare that to other large retailers with their FY22 now completed who still haven't even provided guidance for the year already completed (some since January), let alone for the current financial year. Bad analogy but sort of like the cockpit on a jet - BGP have excellent controls and awareness of the environment they are in, and highly capable of how to use the suite of tools available to them to best effect. Won't stop turbulence or headwinds, but good to have as conditions worsen.
That team from KPMG done wonders for Briscoes
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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04-08-2022, 11:55 AM
#817
Originally Posted by winner69
That team from KPMG done wonders for Briscoes
Think the team at Estar have done a better job.
Online sales up 22%.Incredible.
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04-08-2022, 12:08 PM
#818
Originally Posted by Waltzing
FM dont forget the new store formats being rolled out .... the real lesson for other retailers ... WHS look and learn.
Originally Posted by winner69
That team from KPMG done wonders for Briscoes
Originally Posted by percy
Think the team at Estar have done a better job.
Online sales up 22%.Incredible.
agree w/ all those points - many positive initiatives driving good results. Great leader in Rod, the team below him is said to be superb, great systems, refreshed and carefully growing footprint, excellent ecommerce implemented without hiccups or massive loss making investment by estar, and procurement & pricing work by KPMG (the later not coded as an unusual item and excluded from the company's "underlying" result - just a normal cost of doing business - which it is). This is what good looks like in the retail sector. Content holder.
Last edited by Muse; 04-08-2022 at 12:11 PM.
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04-08-2022, 01:49 PM
#819
Increase in online mix huge but what about stores
Since Jan 2020 (pre-covid) Briscoes sales up $101m -- nearly all the increase has come from online activity - yep $100m more online sales
Means sales ex store are the same as they were two and half years ago.
They've been developing / opening new stores which is good and no doubt stores are used for click and collect as well as these kiosk things they now have .... however one needs to wonder about the economies of scale / store profitability if activity through stores isn't growing
My numbers say BRG annual sales are now $754m (was $653m at Jan 2020) of which $173m (was $74m at 2020) is online and $581m ($579m at 2020) are in store
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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04-08-2022, 05:06 PM
#820
Lazy shopping on smart TV's Winner() ...
wait till you can VR the store .... hang on thats META!
this just shows that lots more people want to shop at BRISC but were to lazy to walk around the stores or in cities the stores were to far away to bother....
show them the goodies and WOW a few clicks and where shopping...
Last edited by Waltzing; 04-08-2022 at 05:16 PM.
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