Briscoe Group Limited Ordinary Shares

BGP.NZX

Consumer Discretionary

The company's beginnings date from 1862 when the first Briscoes warehouse and store was opened in Dunedin, by William Briscoe & Son. Australian and NZ operations were purchased by Merbank Corporation of Australia in 1973, and following extensive rationalisation, by Hagemeyer in 1977. Following several years of losses, the business was acquired by CEO Rod Duke, in 1990. Stock exchange listing followed a public issue of 40m shares at $1 each in November 2001. By 2008, Briscoe Group Limited's retailing interests totaled 57 Homeware Stores and 32 Sporting Goods Stores.

Market Data

Price

$4.700

+0.1%

Market Cap

$1.0B

P/E Ratio

17.7x

EPS

$0.266

Div. Yield

6.27%

52-Week Change

-0.0%

Latest Earnings

Results of Briscoe Group Limited Annual Shareholder Meeting

7 May 2026

Briscoe Group Limited held its Annual Shareholder Meeting on 7 May 2026, where all three ordinary resolutions were passed with overwhelming shareholder support. Directors Tony Batterton and Mark Cairns were both re-elected, and PricewaterhouseCoopers was confirmed to continue as auditor. This announcement contains no financial results or earnings data. Key points: Tony Batterton re-elected as director with 99.90% of votes in favour; Mark Cairns re-elected as director with effectively 100% of votes in favour; PricewaterhouseCoopers confirmed as auditor with effectively 100% support

Recent Announcements

7 May 2026 Actual Results Neutral

Results of Briscoe Group Limited Annual Shareholder Meeting

7 May 2026 Neutral

Addresses to Annual Meeting 7 May 2026

Briscoe Group held its Annual Shareholders Meeting on 7 May 2026, where the Board Chair, CFO, and Managing Director reported that the company achieved record total sales of $798.8 million in the year ended 25 January 2026 despite challenging retail conditions, maintained dividends at 20.0 cents per share, and continued a major investment program including a new distribution centre at Drury while maintaining a strong balance sheet with $130.3 million in cash and no drawn debt.

1 May 2026 Neutral

1st Quarter Sales to 26 April 2026

Briscoe Group Limited reported first quarter sales to 26 April 2026 of $180.8 million, up 1.37%, with homeware segment sales increasing 1.98% to $105.7 million and sporting goods up 0.53% to $75.1 million; however, management noted challenging retail conditions in late quarter due to Middle East geopolitical tensions, inflation concerns, and weather disruptions including Cyclone Vaianu.

2 Apr 2026 Neutral

Annual Shareholders Meeting

Briscoe Group Limited has scheduled its Annual Shareholders Meeting for May 7, 2026 in Auckland (with online attendance option), where shareholders will vote on re-electing directors Tony Batterton and Mark Cairns, and authorizing PricewaterhouseCoopers' continued role as auditor with board-determined remuneration.

2 Apr 2026 Actual Results Neutral

Annual Report

Briscoe Group delivered record sales of NZ$798.8 million for the full year ended 25 January 2026, up 0.93% on the prior year, despite sustained pressure on consumer confidence and discretionary spending in New Zealand. NPAT declined modestly to NZ$59.2 million from NZ$60.6 million, impacted by gross margin compression (39.23% vs 40.37% pcp) and lower interest income as cash was deployed into major capital projects. The Group maintained a fully imputed total dividend of 20.0 cents per share and remains focused on transitioning from its elevated investment phase to value delivery, with the new Drury distribution centre on track for April 2026 completion. Key points: Record Group sales of NZ$798.8 million achieved in a challenging consumer environment, with Homeware up 1.42% to $496.8M and Sporting Goods up 0.13% to $302.1M.; Online sales exceeded 20% of total Group sales (20.04%) for the first time post-COVID, supported by successful Adobe Commerce and Marketplacer platform launches.; Strong balance sheet with NZ$130.3 million cash and no drawn term debt; operating cash flow of NZ$102.4 million maintained.

16 Mar 2026 Neutral

Disclosure Notices

Andrew Scott, Chief Operating Officer of Briscoe Group Limited, disclosed the lapse of 41,250 Performance Rights on 13 March 2026, reducing his holding from 148,368 to 107,118 ordinary shares as a contingent beneficial owner under the Briscoe Group Senior Executive Incentive Plan.

13 Mar 2026 Neutral

Lapse of Performance Rights

Briscoe Group Limited announced the lapse of 125,632 Performance Rights that were issued on 3 August 2023, leaving 349,242 Performance Rights remaining on issue.

11 Mar 2026 Actual Results Neutral

Full Year Results to 25 January 2026

Briscoe Group delivered record sales of NZD$798.8M for FY26 (up 0.9%), with both Homeware (+1.4%) and Sporting Goods (+0.1%) segments contributing positive growth. However, NPAT declined 2.3% to NZD$59.2M, pressured by gross margin compression of 114bps to 39.23%, lower interest income, and strategic investment costs, in a persistently challenging consumer environment. The Board declared a final dividend of 10.0cps (fully imputed), maintaining total FY26 dividends at 20.0cps, and guided toward positive gross margin growth in FY27 and profit recovery over the next three to four years as the new Drury distribution centre and other strategic initiatives deliver benefits. Key points: Record Group sales of NZD$798.8M, with positive growth across both Homeware (+1.42% to $496.8M) and Sporting Goods (+0.13% to $302.1M) segments.; Online sales exceeded 20% of total Group sales for the first time (20.04%), supported by successful migration to the Adobe platform and launch of the Marketplacer Direct-to-Customer platform.; Strong cost discipline with total store and overhead costs only 1.19% higher than the prior year, despite ongoing wage inflation.

6 Mar 2026 Neutral

Confirmation of Compliance with NZX Listing Rules

Briscoe Group Limited confirms its ongoing compliance with NZX Listing Rules as required under ASX Listing Rule 1.15.3 for its status as a Foreign Exempt entity on the Australian Securities Exchange.

2 Mar 2026 Neutral

Director Nomination Closing Date

Briscoe Group Limited announces that director nominations for its May 2026 annual shareholders' meeting must be submitted by 20 March 2026 to the company's registered office in Auckland.

Get real-time alerts for BGP

Receive AI-powered earnings summaries and instant notifications when Briscoe Group Limited Ordinary Shares releases results.