WHS - Warehouse Group

[Fortunecookie]

Electronic goods generally have a lifecycle of around 12 months. They become obsolete with the introduction of next years model. If they cannot get rid stock there will be plenty of discounting.

[nztx]

https://www.nzherald.co.nz/business/...F7V2OXS72PYE4/

The Warehouse workers to go on strike tomorrow after union says small and ‘disgusting’ pay rise offered


When the company is still coming out with "challenging environment" narratives, it tends to not look very exciting in short term forward

[winner69]

Some would say sack the lot if they unhappy

wHS AR used to show median pay of all workers and that as % of Nickscrem ….don’t seem to do that now

[Rawz]

Some would say sack the lot if they unhappy

wHS AR used to show median pay of all workers and that as % of Nickscrem ….don’t seem to do that now

Once worked at a company and a very senior leader said openly, "if you dont want to work here, leave!" made the plebs (i was one) kinda stop complaining lol

[winner69]

No news from WHs for a while is probably a case of no news is good news ….and things are all hunky dory

Hanging in there in Q3 so year result to end of July looking like it is going to be pretty good …..against expectations that is

[Sideshow Bob]

https://www.nzx.com/announcements/419007

Strong sales at The Warehouse in a challenging year
Highlights
• Group sales of $3.4 billion, up 3.2% on prior year, including record sales result for The Warehouse of $1.9 billion, up 9.6% on prior year
• FY23 gross profit margin decreased 190 basis points compared to FY22 but an improvement on FY23 H1
• Reported Net Profit After Tax of $29.8 million – down 66.6% on prior year
• Adjusted Net Profit After Tax of $37.5 million – down 56.2% on prior year
• Operating cash flow improved 103.2% from FY22 to $214.2 million in FY23
• Net debt of $48.1m and available liquidity of $421.9 million as at FY23
• Final dividend of 8.0 cents per share declared

[Rawz]

Big margin squeeze

[winner69]

Profit better than covid hit year F20 outside of that worst year in last 15 if not this century

Well done Nick and team

[Sideshow Bob]

Market & T7 both big drags on performance. Each of them having and "operating profit" of -$22m.

[bull....]

outlook statement looks like they are expecting more margin squeeze and tough trading conditions to come similar to other retailers statements

sales rose because prices are higher for items