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Warehouse

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Submitted By preet0418
Words 12513
Pages 51
INTERIM
REPORT
2014

GROUP
SALES

1,420

70.1M

$
M

$

GROUP
ADJUSTED
NET PROFIT*

$

GROUP
OPERATING
PROFIT

GROUP
OPERATING
MARGIN

46.2M 4.9%

“What we’ve achieved in the first half of the year.”
* A reconciliation of adjusted net profit to reported net profit is detailed in note 14 of the condensed interim financial statements.
Certain transactions such as the sale of properties and the release of warranty provisions can make the comparison of profits between periods difficult. The Group monitors adjusted net profit as a key indicator of performance and uses it as the basis for determining dividends and believes it helps investors to understand what is happening in the business.

SALES UP

6.2%

FROM $866.6M to $920.0M
– 12 consecutive quarters of positive same store sales
– Same store sales increased by 4.1%
– Operating profit of $60.6 million
– ‘House of Bargains’, ‘Home of Essentials’

SALES UP

8.6%

FROM $111.9M to $121.5M
– 18 quarters of positive same store sales
– Same store sales increased by 4.9%
– Operating profit of $4.7 million increased by 28%
– ‘Work, Study, Create, Connect’

SALES

328.8M

$

– Same store sales increased by 9.3%
– Operating profit of $6.8 million increased by 20%
– Leading home, entertainment and technology retailer

SALES

47.9M

$

– Acquired and integrated No.1 Fitness, Shotgun
Supplements, R&R Sport
– Investing to create a leading multichannel outdoor and adventure sport retailer

PG 01

CHAIRMAN
AND CEO’S
REPORT
Your Directors take pleasure in presenting the unaudited results for the six months ended 26 January 2014.
• The Warehouse Group has actively taken steps to reshape itself over the past two years
• We have a clear growth strategy in all of our retail brands
• We have made good progress with a focus on four

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