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An update from Hallenstein Glasson Holdings Limited ( (NZ:HLG) ) is now available.
Hallenstein Glasson Holdings reported a strong first half for the six months to 1 February 2026, with unaudited group sales rising 14.6% to $275.2 million and gross margin improving to 60.9% despite foreign exchange headwinds. Net profit after tax jumped 32.1% to $28.0 million, supported by robust performances in Glassons Australia, New Zealand operations, and the Hallensteins chain, alongside double-digit online sales growth.
The company is investing in store refurbishments, selective network expansion, and a new automated warehouse in Sydney to support future growth, while maintaining a strong balance sheet and tight inventory control. Directors have lifted the interim dividend to 29.0 cents per share, but caution that recent trading strength, aided by new and refurbished stores and favourable comparatives, may be difficult to sustain amid geopolitical tensions, rising living costs, and other macroeconomic pressures that could affect consumer demand and operating costs.
More about Hallenstein Glasson Holdings Limited
Hallenstein Glasson Holdings Limited is a New Zealand-based specialty apparel retailer operating the Glassons and Hallensteins brands across New Zealand and Australia. The group focuses on fashion clothing and related products, selling through a combined network of physical stores and a growing e-commerce channel that now contributes over 18% of total sales.
Average Trading Volume: 24,491
Technical Sentiment Signal: Strong Buy
Current Market Cap: N$581.6M
For an in-depth examination of HLG stock, go to TipRanks’ Overview page.