The Warehouse Group provides update to FY25 EBIT guidance
1
NZX | Media Release – 1 July 2025
The Warehouse Group provides update to FY25 EBIT
guidance
The Warehouse Group today provides updated FY25 earnings before interest and tax (EBIT,
pre-IFRS16) guidance.
While the Group delivered encouraging sales growth of 2.2% in Q3 compared to the same
period last year, sales growth in Q4 to date has been more challenging. A delayed winter and
continued subdued consumer confidence has led to a highly promotional retail environment.
This has resulted in greater than expected trading variability across The Warehouse, Noel
Leeming and Warehouse Stationery.
Group Interim CEO, John Journee, noted that sales strengthened as soon as colder weather
arrived in June. “Now that the cold has set in, our sales momentum has returned with Q4 to
date sales ahead of the same period last year. While this is encouraging, the current market
conditions are impacting margins. We are therefore updating our full year EBIT guidance to
reflect these conditions,” said Mr Journee.
The Group now expects FY25 EBIT (pre-IFRS16) for the 53 weeks to 3 August 2025, to be
in the range of a $5 million loss to a $5 million profit.
The timing of New Zealand’s economic recovery remains uncertain and is weighing on
discretionary consumer spending. Notwithstanding this, the Group continues to make
encouraging progress across the various areas of its turnaround plan.
“We have strengthened our financial discipline, including prudently managing costs,
inventory, working capital and net debt. We continue to streamline operations, update legacy
systems, and improve customer conversion with new product ranges and better value. We
are confident that the steps we are taking will drive a much-needed improvement in
performance over time once fully scaled,” said Mr Journee.
The Group will release its full FY25 annual results on Thursday 2 October.
Ends
For media queries please contact:
Lizzie Havercroft
General Manager – Corporate Affairs
+64 27 507 0613
Lizzie.havercroft@twgroup.co.nz
For investor queries please contact:
Julia Belk
Investor Relations Manager
+64 21 240 8997
julia.belk@thewarehouse.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- BGP — Briscoe Group Limited: Addresses to Annual Meeting 15 May 20252025-05-14
“Balance Sheet. The Group’s balance sheet remains strong, with cash and bank balances of $142.4 million as at 26 January 2025, with approximately $30 million of creditor payments included in the trade payables balance subsequently paid on or before 31 January 2025. As you kno…”
- FBU — Fletcher Building: Fletcher Building Investor Day2025-06-23
“FY25F update Operating volumes continue to subdued, impacting operating leverage and profitability | Investor Day | 24 June 2025 | Fletcher Building Limited47 FY25F EBIT Outlook •FY25F EBIT (pre Significant Items) expected to be between $370m and $375m inclusiveof the $16.4m…”
- HLG — Hallenstein Glasson Holdings Limited: HLG Full Year Results for the period ending 1 August 20252025-09-25
“Future Outlook The first seven weeks of the new financial year have delivered a solid start, with Group sales up +12.9% on the prior corresponding period, driven primarily by the Australian market and the ongoing contribution from stores opened or refurbished in FY2025. Curren…”