Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Briscoe Group Limited ( (DE:BWU) ) has issued an update.
Briscoe Group Limited reported a 2.07% increase in second-quarter sales to $192.9 million, with homewares showing a strong recovery, while sporting goods faced challenges due to economic conditions. The company is optimistic about its online sales growth and the upcoming launch of a new online platform, despite ongoing economic pressures affecting gross profit margins and inventory management. The first half of the year saw sales slightly below last year’s figures, but the company expects profitability to improve in the second half, with a net profit after tax not less than $29 million. Briscoe Group plans to release its half-year results on 10 September 2025.
More about Briscoe Group Limited
Briscoe Group Limited is a New Zealand-based company registered in Australia as Briscoe Group Australasia Limited. It operates in the retail industry, focusing on homewares and sporting goods, and is listed on the NZX and ASX as a foreign exempt entity.
For an in-depth examination of BWU stock, go to TipRanks’ Overview page.