Briscoe Group Limited ( (DE:BWU) ) has provided an update.
Briscoe Group Limited reported a 2.58% decline in unaudited sales for the first quarter of 2025, with homeware sales dropping by 4.66% and sporting goods sales slightly increasing by 0.47%. The company faced challenges due to a difficult retail environment, unfavorable timing of holidays affecting promotions, and warmer weather impacting heating product sales. Despite these challenges, Rebel Sport saw growth in women’s apparel and sporting equipment. The company is managing inventory well and aims to maintain profitability, targeting a first-half net profit after tax of around $30 million.
More about Briscoe Group Limited
Briscoe Group Limited, incorporated in New Zealand and registered in Australia as Briscoe Group Australasia Limited, operates in the retail industry. The company is listed on both the New Zealand and Australian stock exchanges and focuses on homeware and sporting goods.
YTD Price Performance: -9.96%
Average Trading Volume: 932
Technical Sentiment Signal: Hold
Current Market Cap: A$880.2M
For detailed information about BWU stock, go to TipRanks’ Stock Analysis page.