BGR - Briscoes Valuation

[Sideshow Bob]

"Confident we can outperform our retail peers".

I'd be pretty confident in that too!!

[winner69]

sales up marginally prob due to price rises ill say
that what i like about duke , he is straight up toasts his success but is honest that things are going to get tougher going forward

“Gross margin remains a major focus for the Group and we continue to see pressure as the impacts of the economic downturn are felt. However, we currently expect this year to show that the Group can protect around half of the 633 basis points gained during the 2 years ended January 2021 and January 2022.

https://www.nzx.com/announcements/410852

And a bit more lowering full year expectations … we expect it to be difficult for the Group to replicate last year’s record profit result

And a real competitor …….”but are confident that we are well placed to outperform our retail peers.” ,,,,not that it would take to much to beat Warehouse

[Balance]

And a bit more lowering full year expectations … we expect it to be difficult for the Group to replicate last year’s record profit result

And a real competitor …….”but are confident that we are well placed to outperform our retail peers.” ,,,,not that it would take to much to beat Warehouse

K-mart is the real competitor these days to Briscoes & The Warehouse when it comes to value for money and quality of goods.

[bull....]

duke not alone seeing slowdown starting to happen in retail

JB Hi-Fi hit by sales slowdown, but demand still stronger than expected

The $4.9 billion retailer revealed on Wednesday that while quarterly sales were still well above pre-COVID levels at its stores in Australia and New Zealand and at whitegoods retailer The Good Guys, momentum slowed in the three months to March 31 compared with the same time last year.

https://www.theage.com.au/business/c...03-p5d557.html

looks like slowdown just starting

[winner69]

duke not alone seeing slowdown starting to happen in retail

JB Hi-Fi hit by sales slowdown, but demand still stronger than expected

The $4.9 billion retailer revealed on Wednesday that while quarterly sales were still well above pre-COVID levels at its stores in Australia and New Zealand and at whitegoods retailer The Good Guys, momentum slowed in the three months to March 31 compared with the same time last year.

https://www.theage.com.au/business/c...03-p5d557.html

looks like slowdown just starting

But JB Hi Fi New Zealand sales up more than 10% ....going gangbusters

[winner69]

What Briscoes sales trend looks like below

Bit flat of late

You can see why maintaining margins and good cost control a necessity to keep profits up

[winner69]

Jeez ….BGP share price back to pre-pandemic levels …..2019 prices

Markets forward looking they say ……this so called recession must be bigger and longer lasting than first thought

[bull....]

Jeez ….BGP share price back to pre-pandemic levels …..2019 prices

Markets forward looking they say ……this so called recession must be bigger and longer lasting than first thought

i have found some items cheaper to order from AUS

[nztx]

Jeez ….BGP share price back to pre-pandemic levels …..2019 prices

Markets forward looking they say ……this so called recession must be bigger and longer lasting than first thought

don't tell anyone will ya .. the longer the speeding ramp up - the better

[alokdhir]

Soon it will be on 10% Gross yield threshold ...then it will catch the attention of ONE ...which will make it popular to all ...before that happens ...maybe get in first ?