The Warehouse Group provides FY26 earnings guidance

NZX | Media release – 25 August 2026

The Warehouse Group provides FY26 earnings guidance

The Warehouse Group today provides an update on its expected earnings for the 2026
financial year ahead of the release of its FY26 annual results, as it expects Operating Profit
1

to be ahead of current analyst consensus for the year.

The Group expects to report FY26 Operating Profit
1
(EBIT pre-NZ IFRS 16 and excluding
unusual items) in the range of $20.0 million to $24.0 million for the 52 weeks ended 2 August
2026. This compares to Operating Profit
1
of $1.3 million for the 53 weeks ended 3 August
2025.

The guidance above is unaudited and remains subject to the completion of the Group’s year
end processes. The Group will release its full FY26 annual results on 30 September 2026.

The expected result reflects modest improvement in gross profit margin and sustained cost
discipline across the Group. Gross profit margin uplift was achieved by Noel Leeming and
Warehouse Stationery. The Warehouse delivered broadly flat margins year on year albeit
with an improved fourth quarter margin performance showing that efforts focused on margin
improvement are gaining traction leading into FY27.

Trading conditions in the fourth quarter were broadly consistent with those outlined at the
Group’s third quarter update in May. Consumer confidence remained subdued and
customers continued to shop with a strong focus on value, with demand concentrated
around key promotional and seasonal events.

Ends

For media queries please contact: For investor queries please contact:
Lizzie Havercroft
General Manager Corporate Affairs
+64 27 507 0613
lizzie.havercroft@twgroup.co.nz
Mark O’Malley
Head of Strategy
+64 27 301 5936
mark.omalley@twgroup.co.nz

The Warehouse Group Limited
26 The Warehouse Way, Northcote, Auckland 0627

1
Operating profit (EBIT pre-NZ IFRS 16) excludes the impact of NZ IFRS 16 and unusual items and is a non-
GAAP measure.