The Warehouse Group Limited Ordinary Shares
WHS.NZXConsumer Discretionary
The Warehouse Group Limited (WHS) was established in 1982 by Stephen Tindall, initially selling imported and manufactured clearance lines in Takapuna, Auckland. The Warehouse has subsequently grown to become one of New Zealand's largest general merchandise retailer. The company also owns The Warehouse Stationery chain. The group was listed in November 1994 following a public issue of 23.6 million ordinary shares at $2.50. In 2000 it bought two Australian discount variety chains with 126 stores, Clint's and Silly Solly's, for A$118m, incorporating them into a division called The Warehouse Australia. In November 2005, it agreed to sell its Australian business. On 31 July 2008 the Court of Appeal announced that it had set aside a clearance granted by the High Court for Woolworths and Foodstuffs to acquire up to 100% of the shares in WHS. Both Woolworths and Foodstuffs hold 10% each of WHS. On October 9, 2008, WHS announced that, after a review, it had decided to discontinue its plan to roll out the Warehouse Extra format as it did not meet its investment criteria.
Market Data
$0.620
-0.0%$215.0M
182.4x
$0.003
0.00%
-0.3%
Latest Earnings
The Warehouse Group Limited FY26 Interim Results
27 March 2026
The Warehouse Group delivered improved profitability in its FY26 first half (26 weeks to 1 February 2026), with group sales up 0.3% to NZD 1,612.1m and reported NPAT up 33.6% to NZD 15.7m, driven by disciplined cost control reducing CODB by 1.7%. Operating profit (EBIT pre-IFRS16) surged 37.7% to NZD 26.9m, with standout performances from Warehouse Stationery (operating profit +243%) and Noel Leeming (operating profit +52%). No interim dividend was declared, early second-half trading is down 0.2%, and rising freight costs from Middle East conflict present near-term headwinds. Key points: Reported NPAT up 33.6% to NZD 15.7m and adjusted NPAT up 67.1% to NZD 17.9m, demonstrating strong profit leverage from modest sales growth.; Operating profit (EBIT pre-IFRS16) rose 37.7% to NZD 26.9m, with operating margin expanding 50bps to 1.7% of sales.; Cost of doing business reduced 1.7% to 30.6% of sales (down 70bps), with SSO costs down 8.1% and depreciation down 10.1%, reflecting the cost reset programme.
Recent Announcements
WHS provides FY26 third quarter trading update
The Warehouse Group reported FY26 Q3 sales of $700.8 million (down 1.4% year-over-year) with flat like-for-like same store sales, while gross profit margin improved 50 basis points to 31.9% driven by margin gains in Warehouse Stationery and Noel Leeming; the company also announced a new Noel Leeming flagship store opening on Queen Street in Auckland.
WHS Ongoing Disclosure Notice - Antony Carter
Antony John Carter, a Director of The Warehouse Group Limited, acquired 30,000 ordinary shares through two on-market purchases on 31 March 2026 (9,492 shares) and 1 April 2026 (20,508 shares), increasing his holding from 40,000 to 70,000 shares.
The Warehouse Group Limited FY26 Interim Results
The Warehouse Group delivered improved profitability in its FY26 first half (26 weeks to 1 February 2026), with group sales up 0.3% to NZD 1,612.1m and reported NPAT up 33.6% to NZD 15.7m, driven by disciplined cost control reducing CODB by 1.7%. Operating profit (EBIT pre-IFRS16) surged 37.7% to NZD 26.9m, with standout performances from Warehouse Stationery (operating profit +243%) and Noel Leeming (operating profit +52%). No interim dividend was declared, early second-half trading is down 0.2%, and rising freight costs from Middle East conflict present near-term headwinds. Key points: Reported NPAT up 33.6% to NZD 15.7m and adjusted NPAT up 67.1% to NZD 17.9m, demonstrating strong profit leverage from modest sales growth.; Operating profit (EBIT pre-IFRS16) rose 37.7% to NZD 26.9m, with operating margin expanding 50bps to 1.7% of sales.; Cost of doing business reduced 1.7% to 30.6% of sales (down 70bps), with SSO costs down 8.1% and depreciation down 10.1%, reflecting the cost reset programme.
WHS FY26 Interim Results teleconference details
This announcement from The Warehouse Group Limited is a procedural notice advising of the upcoming FY26 Interim Results release for the 26 weeks ended 1 February 2026, scheduled for 27 March 2026. No financial results or metrics are contained in this announcement. It solely provides teleconference registration details for the results presentation. Key points: FY26 Interim Results for the 26 weeks ended 1 February 2026 to be released on 27 March 2026; Investor teleconference scheduled for 9.15am NZT on 27 March 2026
Full Year Results - 24 September 2026
Upcoming full year results expected 24 September 2026 (from NZX schedule)
The Warehouse Group confirms leaner operating structure
The Warehouse Group announced a restructuring that will eliminate around 270 head office roles and expand its partnership with Tata Consultancy Services (TCS) to handle corporate functions like technology, accounting, and payroll. The restructure will cost $6 million in redundancy payments in FY26 but is expected to deliver $17 million in annual savings by FY31.
2025 Annual Shareholders’ Meeting Results
The Warehouse Group Limited held its 2025 Annual Shareholders' Meeting on 28 November 2025, where all three resolutions were passed with strong shareholder support. Director re-elections for Caroline Rainsford (99.50%) and Hamish Rumbold (99.62%) were approved, along with authorisation for directors to fix auditor fees (99.83%). This announcement contains no financial results or earnings data. Key points: Caroline Rainsford re-elected as director with 99.50% shareholder support; Hamish Rumbold re-elected as director with 99.62% shareholder support; Auditor fee authorisation resolution passed with 99.83% support
WHS FY26 Q1 Trading Update and Cost Reset Programme
The Warehouse Group reported FY26 Q1 sales of $674.1 million, up 0.9% year-on-year, with positive growth across all brands despite a challenging retail environment; however, gross profit margin declined 40 basis points due to promotional pressure at The Warehouse, prompting management to announce a comprehensive cost reset programme targeting a reduction in cost of doing business to below 31% of sales, including a proposed head office restructure and expanded partnership with Tata Consultancy Services.
The Warehouse Group FY25 Annual Results
The Warehouse Group reported FY25 full-year results for the 53 weeks ending 3 August 2025, with group sales up 1.6% to NZD $3.1 billion (flat on a 52-week same-store basis), but Operating Profit (EBIT pre-IFRS16) collapsed to just $1.3 million from $28.9 million in FY24 due to a 140 basis point decline in gross profit margin to 32.2%. Reported net loss after tax improved significantly to -$2.8 million from -$54.2 million in FY24, while adjusted net loss after tax was -$4.5 million versus a profit of $18.9 million in FY24. No dividend was declared, and early FY26 trading remains challenging with sales and gross profit tracking similarly to the prior year. Key points: Group sales held steady at $3.1 billion (up 1.6% reported; flat on 52-week same-store basis) despite an extremely challenging New Zealand consumer environment; Reported net loss after tax improved significantly to -$2.8 million from -$54.2 million in FY24, driven by the absence of large prior-year write-downs; CODB reduced by 40 basis points to 32.2% of sales, with head office costs down 7.8% and depreciation down 7.4%
WHS – FY25 Annual Results teleconference details
The Warehouse Group Limited (WHS) has announced that its FY25 Annual Results for the 53-week period ended 3 August 2025 will be released on 2 October 2025. This release contains no financial data, only logistical details for the upcoming results announcement and investor teleconference. Key points: FY25 Annual Results covering the 53-week period ended 3 August 2025 are scheduled for release on 2 October 2025; An investor teleconference is scheduled for 9:15am NZT on 2 October 2025 following the announcement; Note: FY25 is a 53-week period, one week longer than a standard 52-week financial year, which may have a minor positive impact on reported revenues
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