Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Warehouse Group ( (NZ:WHS) ) just unveiled an announcement.
The Warehouse Group reported third-quarter FY26 sales of $700.8 million, down 1.4% year on year, though like-for-like sales were flat and year-to-date like-for-like sales edged up 0.7% to $2.3 billion. Brand trends were mixed, with The Warehouse and Warehouse Stationery posting reported sales declines but modest like-for-like gains year to date, while Noel Leeming returned to growth with a 0.7% quarterly sales lift and plans for a flagship Queen Street store in Auckland.
Despite softer top-line momentum, the Group lifted its gross profit margin by 50 basis points to 31.9% in the quarter, supported by improved margin management at Warehouse Stationery and Noel Leeming and a 5.4% rise in online sales. Management highlighted cost discipline and working capital control as priorities amid weak consumer confidence, higher freight costs and inflationary pressures, as customers shop less often but spend more per visit, signalling a defensive but margin-focused stance in a challenging retail environment.
More about Warehouse Group
The Warehouse Group is a New Zealand-based retail conglomerate operating mass-market chains The Warehouse, Warehouse Stationery and consumer electronics retailer Noel Leeming. It focuses on general merchandise, office supplies and technology products, targeting value-conscious shoppers across both physical stores and a growing online channel.
Average Trading Volume: 73,479
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$222.8M
See more data about WHS stock on TipRanks’ Stock Analysis page.