Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


4th Quarter / Full Year Sales

4th Quarter / Full Year Sales

The directors of Briscoe Group Limited announce that unaudited sales for the three months ended 31 January 2004 were $106.2 million, being 3.04% higher than the $103.1 million reported for the fourth quarter of last year.

Briscoes Homeware sales increased 2.90% to $74.5 million and Rebel Sport sales rose 3.36% to$31.7 million.

On a same store basis, the group’s sales for the quarter were 3.05% behind those for the fourth quarter of last year.

The group added three new stores during the quarter with the opening of the Cambridge Briscoes Homeware store and a further two Rebel Sport stores in Porirua and Tauranga. Briscoes Homeware stores now number 30 with total store area of 59,922 sqm. Rebel Sport store numbers increased to 17 with total store area now at 35,417 sqm.

The January 2004 quarter sales figure takes unaudited group sales for the year ended 31 January 2004 to $315.4 million, a rise of 6.75% over the $295.4 million reported for last year. Briscoes Homeware sales increased 6.02% during this period, and Rebel Sport 8.44%.

Because of the move to calendar month-end reporting, this financial year comprised four fewer trading days than last year. Adjusting for these four days and on a same store basis, the group’s sales for the twelve months ended 31 January 2004 were 3.44% ahead of the same period last year.

On a same store, same days, basis, Briscoes Homeware sales increased by 6.18% over the twelve months of last year, while Rebel Sport sales decreased by 2.90%.

The directors advise that the month of December was a record sales month for the Group and a marginal improvement in full year Gross Profit % is expected.

Full year group earnings before interest and tax (EBIT) is expected to be in line with the $33.3 million reported for last year, reflecting the impact of higher sales and margin, offset by increased operating costs.

After taking into account the impact of lower interest income and the provisioning of a taxation expense ($0.45 million) against the amortisation of the final Rebel Sport franchise fee payment, the group’s tax paid profit is expected to be approximately 4% below that of the $23.6 million reported for last year.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news