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

 


2nd Quarter Sales to 31 July 2005

2nd Quarter Sales to 31 July 2005

The directors of Briscoe Group Limited announce that unaudited sales for the three months ended 31 July 2005 were $79.8 million, being 11.80% higher than the $71.4 million reported for the same quarter of last year.

The second quarter gross margin, in terms of both percentage and dollar contribution, as for the first quarter, was significantly ahead of that generated for the same quarter of last year.

Briscoes Homeware sales for the quarter increased by 13.45% to $53.7 million while Rebel Sport sales rose by 8.55% to $26.1 million. On a same store basis, Briscoes Homeware sales increased by 8.91% for the quarter while Rebel Sport sales were 2.31% ahead of last year.

On a same store basis, the Group’s sales for the quarter were 6.97% ahead of the second quarter for last year.

The opening of the Briscoes Homeware store in Ashburton late in July brought the number of Briscoes Homeware stores to 34 and increased total store area to 70,348 sq.m. Rebel Sport numbers and area remained unchanged for the quarter at 20 and 40,985 sq.m, respectively.

The July quarter sales figures take unaudited group sales for the six months ended 31 July 2005 to $154.4 million, an increase of 11.33% on the $138.7 million reported in the first half of last year. Briscoes Homeware increased sales by 10.69% during this period, and Rebel Sport by 12.61%.

On a same store basis the Group’s sales for the six months ended 31 July 2005 were 6.39% ahead of the same period last year.

On a same store basis Briscoes Homeware sales increased by 6.49%, while Rebel Sport sales increased by 5.62% over the first half of last year.

The Group expects to announce its half-year result by 5 September 2005. The directors expect the first half tax paid profit to be satisfactorily ahead of that reported for the first half of last year.

ENDS

© 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>>

Earlier:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news