BGR
29/01/2015 09:10
QUARTER
PRICE SENSITIVE
REL: 0910 HRS Briscoe Group Limited
QUARTER: BGR: 4th Quarter Sales to 25 January 2015
Year-to-date: 27 January 2014 - 25 January 2015:
The directors of Briscoe Group Limited announce unaudited sales for the fifty
two week period from 27 January 2014 to 25 January 2015 of $507.1 million, an
increase of 4.86% on the $483.6 million reported for last year. The Group's
homeware segment increased sales by 3.20% during this period and the sporting
goods segment by 8.31%.
On a same store basis the Group's sales for the twelve month period ended 25
January 2015 were 4.94% ahead of the same period last year.
On a same store basis, homeware sales increased by 3.52%, while sporting
goods sales increased by 7.87% compared to last year.
Fourth Quarter 27 October 2014 - 25 January 2015:
For the fourth quarter period, being the thirteen weeks ended 25 January
2015, Group sales were $167.4 million, being 2.92% above the $162.7 million
reported for the same quarter last year. For the quarter, homeware sales
increased by 1.07% to $113.1 million, while sporting goods sales were $54.3
million, an increase of 7.01% on the $50.7 million achieved by Rebel Sport
for the same quarter last year.
On a same store basis the Group's sales for the fourth quarter ended 25
January 2015 were 3.10% ahead of the fourth quarter for last year. The same
store calculation for the fourth quarter adjusts for the new Rebel Sport
store opened by the Group at Coastlands (December 2014) as well as for the
two Living & Giving stores closed at Nelson (January 2014) and Lambton Quay,
Wellington (January 2014).
On a same store basis homeware sales increased by 1.94% for the quarter and
sporting goods sales increased by 5.65% for the same period.
Commentary:
Managing Director, Rod Duke said, "We are satisfied with our sales, margins
and overall performance for the final quarter of the year in a market which
continues to be driven by aggressive promotional activity. Just how tough
trading conditions have been is clear from recent announcements by other
listed retailers. Our trading was subdued through November and during the
lead up to Christmas but it revived significantly post-Christmas and
throughout January.
"Last year's fourth quarter for the Group was particularly strong with same
store sales growth of over 7%, so to produce around 3% growth this year for
the same quarter is pleasing. Gross profit margin for the Group continues to
hold up well and will finish comfortably ahead of last year's gross profit
margin percentage for the full year.
"We are also pleased with the continued growth we are generating in online
sales. For the full year ended 25 January 2015 online sales finished 50% up
on the previous year. There is clearly considerable potential for strong
on-going growth in online sales and we continue to explore growth
opportunities in this area.
"We now expect the Group's reported full year tax paid Group profit to be no
less than $39.0 million. This would represent an increase of at least 16%
over last year's $33.58 million reported full year NPAT."
The directors expect to report the final full year audited result on 5 March
2015.
Thursday 29 January 2015
Contact for enquiries:
Rod Duke
Group Managing Director
Tel: (09) 8153737
End CA:00260115 For:BGR Type:QUARTER Time:2015-01-29 09:10:33
