3rd Quarter Sales to 30 October 2022

3
rd
Quarter Sales increase 26.76%


Briscoe Group Limited (NZX/ASX code: BGP)

Highlights for the 3
rd
quarter (13 weeks) to 30 October 2022:
• Total Group sales $175.5 million, +26.76%
• Homeware sales growth, +23.20%
• Sporting goods sales growth, +32.86%
• Online sales as mix of total Group sales, +18.25%

Third Quarter: 1 August 2022 – 30 October 2022:
Unaudited sales for the third quarter period, being the thirteen weeks ended 30 October
2022, of $175.5 million, 26.76% above the $138.5 million for the same quarter last year.
For the quarter, homeware sales increased by 23.20% to $107.7 million, while sporting
goods sales were $67.8 million, an increase of 32.86% from the $51.1 million achieved
for the equivalent quarter last year.

It is worth noting that last year’s 3
rd
quarter was heavily impacted by the Auckland (and
other) stores enforced shutdowns from mid-August to early November. Also, this current
3
rd
quarter sales performance represents a significant increase of 25.12% on the more
comparable 3
rd
quarter ended October 2019, that is, before any impact of Covid.

Group Managing Director, Rod Duke said, “We’re extremely pleased with the significant
lift in sales achieved in this year’s 3
rd
quarter. Notwithstanding the disruptions to the
same quarter last year from enforced store shutdowns, this year has seen a gradual
deterioration in economic factors including ongoing supply chain disruption and cost
increases, a weaker New Zealand dollar and declining consumer confidence as a result
of significant cost of living increases. So, to post increased sales of 26% on the back of
these pressures is a great achievement.”


Highlights for the 39-week period to 30 October 2022:
• Total Group sales $543.5 million, +9.37%
• Homeware sales growth, +8.51%
• Sporting goods sales growth, +10.80%
• Online sales as mix of total Group sales, +19.00%

Year-to-date: 31 January 2022 – 30 October 2022:
The directors of Briscoe Group Limited announce unaudited sales for the thirty nine
week period from 31 January 2022 to 30 October 2022 were $543.5 million, an increase
of 9.37% on the $496.9 million achieved for the first three quarters of last year. The

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).

Group’s homeware segment increased sales by 8.51% during this period and the
sporting goods segment by 10.80%.

Rod Duke said, “Online sales remain strong, representing 18.25% of total Group sales
for the 3
rd
quarter and 19.00% for the nine months of this financial year to 30 October
2022.

“Last year’s 4
th
quarter ended 30 January 2022, benefited from a retail sales lift
experienced subsequent to the August – November 2021 store shutdowns. As we
commence this year’s crucial 4
th
quarter, we remain optimistic of producing a full year
net profit after tax (NPAT) ahead of last year’s $87.91 million, however this will depend
on economic conditions and how buoyant trading is across this critical final period.”




Thursday 3 November 2022

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