More Competitive Tension Expected to Crimp Margins in Second Half; FVE Unchanged at NZD 3.50
For the third quarter ended Oct. 30, 2016, no-moat-rated Briscoe Group reported an increase in headline sales of 8.4% to NZD 125.6 million over the previous corresponding period. On a like-for-like basis, group sales were up 5.4% after adjusting for new stores opened during the previous 12 months. Year-to-date headline sales growth was 9.5% for the first nine months, slightly below our full-year estimate of 9.9%.Gross profit margins grew significantly in the first half of fiscal 2016, reflectin...
Briscoe Group is a non-trading holding company. Co. is engaged in the provision of management services to its subsidiaries. Through its principal trading subsidiaries, Co. is engaged in selling homeware products and retailing sporting goods. Co. operates two operating segments: Homeware and Sporting Goods. As of Jan 31 2010, Co. had 58 Homeware stores and 32 Sporting Goods stores located throughout New Zealand.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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