While The Warehouse Group is still dominant, strategic execution will be critical to its future.
No-moat The Warehouse Group reported underlying net profit after tax, or NPAT, of NZD 39.7 million for the first half of fiscal 2017. This is in line with the guidance provided in late December 2016, and we maintain our fair value estimate of NZD 2.60 per share.Despite retail sales growing by 3.3% year on year, lower gross profit margins eroded operating profits, and interim group EBIT margin fell 60 basis points year on year to 4.3%. The core Red Sheds business, which accounted for 92% of the ...
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.
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.
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