The Warehouse Group has turned their luck around after the most recent downturn.

It's confirmed an annual net profit of $11.2 million - a far cry from last year's $2.8 million net loss.

Noel Leeming made a 21.8 million profit, and Warehouse Stationary made 15.9 million.

Warehouse Group CEO Mark Stirton says these smaller companies allowed the brand to do the work on the main Warehouse chain - which also had an improved fourth quarter. 

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The Warehouse Group has turned their luck around after the most recent downturn.
It's confirmed an annual net profit of $11.2 million - a far cry from last year's $2.8 million net loss.
Noel Leeming made a 21.8 million profit, and Warehouse Stationary made 15.9 million.
Warehouse Group CEO Mark Stirton says these smaller companies allowed the brand to do the work on the main Warehouse chain - which also had an improved fourth quarter.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Mark Stirton: Warehouse Group CEO on the Warehouse Group posting a $11.2 million net profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ec246073-b9fc-4859-b19d-b4d5006b9cf9/transcript

The current Government earlier indicated they could be looking to make changes to NZ Super and adjust the eligibility age, but they've changed their tone ahead of election season.

Chris Luxon and Nicola Willis recently declined opportunities to explicitly back the policy when asked about it after Treasury released its Pre-Election Economic and Fiscal Update earlier this week.

NZ Herald Wellington business editor Jenee Tibshraeny says it seems like there's a shift, but they haven't unveiled any campaign announcements related to NZ Super yet.

LISTEN ABOVE

The current Government earlier indicated they could be looking to make changes to NZ Super and adjust the eligibility age, but they've changed their tone ahead of election season.
Chris Luxon and Nicola Willis recently declined opportunities to explicitly back the policy when asked about it after Treasury released its Pre-Election Economic and Fiscal Update earlier this week.
NZ Herald Wellington business editor Jenee Tibshraeny says it seems like there's a shift, but they haven't unveiled any campaign announcements related to NZ Super yet.
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Jenee Tibshraeny: NZ Herald Wellington business editor on the Government potentially 'going soft' on NZ Super reforms?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5df173d2-b2c9-4f15-9201-b4d500719d64/transcript

The Warehouse Group recently reported an improved annual financial result.

It's confirmed an annual net profit of $11.2 million dollars - a departure from last year's $2.8 million dollar net loss.

Milford Asset Management expert Jeremy Hutton unpacked the market reactions.

LISTEN ABOVE

The Warehouse Group recently reported an improved annual financial result.
It's confirmed an annual net profit of $11.2 million dollars - a departure from last year's $2.8 million dollar net loss.
Milford Asset Management expert Jeremy Hutton unpacked the market reactions.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on the market reactions to the Warehouse bouncing back?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dbe0cd4f-25be-4c15-a411-b4d5006fdf6f/transcript

Hallenstein Glasson is reporting a boost in earnings, with net profit up in the full year ended August.

The retail giant posted a net profit of $59.2 million, up from $39.5 million a year ago.

Generate investment specialist Greg Smith says the brand's doing well in Australia, but the data shows Kiwi shoppers are also contributing to the growth.

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Hallenstein Glasson is reporting a boost in earnings, with net profit up in the full year ended August.
The retail giant posted a net profit of $59.2 million, up from $39.5 million a year ago.
Generate investment specialist Greg Smith says the brand's doing well in Australia, but the data shows Kiwi shoppers are also contributing to the growth.
LISTEN ABOVE

Greg Smith: Generate investment specialist on Hallenstein Glasson reporting boost in earnings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/35a78831-b4fa-4041-9fc7-b4d40073f460/transcript

Mark Stirton: Warehouse Group CEO on the Warehouse Group posting a $11.2 million net profit

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