Warehouse Group First Half 2023 Earnings: EPS: NZ$0.05 (vs NZ$0.15 in 1H 2022)

Warehouse Group (NZSE:WHS) First Half 2023 Results

Key Financial Results

• Revenue: NZ$1.81b (up 4.8% from 1H 2022).
• Net income: NZ$17.4m (down 66% from 1H 2022).
• Profit margin: 1.0% (down from 2.9% in 1H 2022). The decrease in margin was driven by higher expenses.
• EPS: NZ$0.05 (down from NZ$0.15 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Warehouse Group Earnings Insights

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Multiline Retail industry in Oceania.

Performance of the market in New Zealand.

The company's shares are down 16% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Warehouse Group (1 doesn't sit too well with us!) that you should be aware of.

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