Announcement
MKTUPDTE: WHS: UPDATE ON GUIDANCE FOR THE YEAR ENDED 28 JULY 2019
08:31am
WHS
23/08/2019 08:30
MKTUPDTE
PRICE SENSITIVE
REL: 0830 HRS The Warehouse Group Limited
MKTUPDTE: WHS: UPDATE ON GUIDANCE FOR THE YEAR ENDED 28 JULY 2019
UPDATE ON GUIDANCE FOR THE YEAR ENDED 28 JULY 2019
Auckland, 23 August 2019
Earnings guidance revised upwards
Adjusted Guidance for FY19 Financial results
The Warehouse Group has concluded trading for the FY19 financial year and the
results are scheduled to be released on 25 September 2019. The company is in
the process of preparing its statutory accounts for the 12 months to 28 July
2019 and the audit process has commenced.
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.
There are a number of unusual items that are yet to be finalised, and these
items are not included in adjusted NPAT. The result remains subject to the
completion of the audit process and finalised results will be available upon
release on 25 September 2019.
ENDS
As at the end of June 2019, the Warehouse Group Limited has 93 Warehouse
stores, 77 Noel Leeming stores, 70 Warehouse Stationery stores and 18
Torpedo7 stores. The Warehouse Group had turnover of $3.0 billion in FY18 and
employs over 12,000 people.
Contact details regarding this announcement:
Media
Jessamy Malcolm Cowper, Head of External Communications,
to be contacted via email: media.enquiries@thewarehouse.co.nz or mobile: +64
27 275 2834
Investors and Analysts
Jonathan Oram, Group CFO,
to be contacted via Sam Kater, email: sam.kater@thewarehouse.co.nz or mobile:
+64 21 953 701
End CA:00339640 For:WHS Type:MKTUPDTE Time:2019-08-23 08:31:04
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