3rd Quarter Sales to 27 October 2019

3
rd
Quarter Sales to 27 October 2019


Briscoe Group Limited (NZX/ASX code: BGP)

Highlights for the 3
rd
quarter (13 weeks) to 27 October 2019:
• Total Group sales $140.3 million, +5.67%
• Homeware sales growth, +4.65%
• Sporting goods sales growth, +7.41%
• Group same-store sales growth, +4.13%


Third Quarter: 29 July 2019 – 27 October 2019:
Unaudited sales for the third quarter period, being the thirteen weeks ended 27 October
2019, of $140.3 million, 5.67% above the $132.8 million for the same quarter last year.
For the quarter, homeware sales increased by 4.65% to $87.9 million, while sporting
goods sales were $52.4 million, an increase of 7.41% from the $48.8 million achieved
for the equivalent quarter last year.

On a same-store basis the Group’s sales for the third quarter ended 27 October 2019
were 4.13% above the third quarter for last year. The same-store calculation adjusts for
the new Rebel Sport stores opened by the Group at Papanui, Christchurch (November
2018) and Newmarket, Auckland (September 2019).

On a same-store basis homeware sales increased by 4.65% for the quarter and by
3.23% for sporting goods.

Year-to-date: 28 January 2019 – 27 October 2019:
The directors of Briscoe Group Limited announce unaudited sales for the thirty nine
week period from 28 January 2019 to 27 October 2019 were $443.3 million, an increase
of 4.06% on the $426.0 million achieved for the first three quarters of last year. The
Group’s homeware segment increased sales by 3.22% during this period and the
sporting goods segment by 5.54%.

On a same-store basis the Group’s sales for the nine month period ended 27 October
2019 were 3.17% ahead of the same period last year.

On a same-store basis, homeware sales increased by 3.32%, while sporting goods
sales increased by 2.91% compared to the first three quarters of last year.

Group Managing Director, Rod Duke said, “The Group has delivered very solid sales
growth during this third quarter in a highly competitive retail market.

Briscoe Group Limited is a company incorporated in New Zealand and registered in Australia as a foreign company under the name
Briscoe Group Australasia Limited (ARBN 619 060 552). It is listed on the NZX Main Board and also the Australian Securities
Exchange as a foreign exempt entity. (NZX/ASX code: BGP).


“We continue to expand our store network and look forward to the opening of the new
Briscoes Homeware and Rebel Sport stores, including online fulfilment centres, in Mt
Roskill, Auckland at the end of November.

“Online sales for the nine months of this financial year remain strong at 20% growth on
last year.

“As we commence the crucial final quarter we remain confident that we have the right
programmes in place to continue to deliver quality products, service and shopping
experience to ensure that we remain the first choice for homeware and sporting goods in
New Zealand across our store network and online.”




Monday 4 November 2019

Contact for enquiries:
Rod Duke
Group Managing Director
Tel: +64 9 815 3737