Report
Johannes Faul
EUR 100.00 For Business Accounts Only

The Warehouse Group to Start Reaping Benefits From Its Transformation Efforts in Fiscal 2019

No-moat-rated The Warehouse Group is set to continue its transformation for another two years with investments in its online channel, both in digital and fulfilment, as well as refurbishing its existing physical store network. We now expect fiscal 2019 capital expenditures to increase by some 30% to NZD 90 million, with additional one-off operating expenses of NZD 25 million. These higher near-term expenses are offset by the positive impact of the time value of money, and our fair value estimate...
Underlying
Warehouse Group Ltd.

The Warehouse Group is an office retailing group based in New Zealand. Co. is engaged in general retail in both the domestic small-office/home-office and small-to-medium size enterprise markets. Co. has two primary operating segments operating in the New Zealand retail sector. The operating segments are managed separately with their own management, stores and infrastructure. The Warehouse is predominantly a general merchandise and apparel retailer, with 87 stores located throughout New Zealand. The Warehouse Stationery is a stationery retailer, with 47 stores located throughout New Zealand.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Johannes Faul

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