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Hallenstein Glasson Holdings Limited ( (NZ:HLG) ) has provided an announcement.
Hallenstein Glasson Holdings delivered a strong first-half performance to 1 February 2026, with group sales rising 14.6% to $275.2 million and net profit after tax up 32.1% to $28.0 million, supported by a higher gross margin of 60.9% despite FX headwinds. The company reported particularly robust growth in Australia, continued store refurbishments and openings, e-commerce expansion to 18.1% of group sales, and a higher interim dividend, while cautioning that geopolitical risks, inflation, and interest rates could pressure consumer demand and costs later in the year.
Glassons Australia led the result, with sales up 22.4% to $151.8 million and solid profit growth, underpinned by new and upgraded stores and investment in a larger automated Sydney warehouse to support future expansion. In New Zealand and the Hallensteins banner, sales and profits also improved on the back of refurbished stores and selective Australian expansion, leaving the group with a strong balance sheet but warning that recent double-digit sales growth may be hard to replicate as it heads into key trading periods.
Digital sales rose 16.9% and now contribute 18.1% of total revenue, reflecting ongoing gains from the group’s omnichannel strategy. Directors lifted the interim dividend to 29 cents per share, citing strong trading, controlled inventory and solid working capital, even as management signals a need for agility in response to potential pressures on foreign exchange, logistics and overall cost of doing business.
More about Hallenstein Glasson Holdings Limited
Hallenstein Glasson Holdings Limited is a New Zealand-based apparel retailer operating the Glassons and Hallensteins chains across New Zealand and Australia. The group focuses on fashion clothing with a growing omnichannel model that combines bricks-and-mortar stores with a rising contribution from e-commerce sales.
Average Trading Volume: 24,067
Technical Sentiment Signal: Buy
Current Market Cap: N$560.7M
For detailed information about HLG stock, go to TipRanks’ Stock Analysis page.