Warehouse Group First Half 2024 Earnings: EPS: NZ$0.093 (vs NZ$0.068 in 1H 2023)

Warehouse Group (NZSE:WHS) First Half 2024 Results

Key Financial Results

• Revenue: NZ$1.63b (down 4.9% from 1H 2023).
• Net income: NZ$31.8m (up 35% from 1H 2023).
• Profit margin: 2.0% (up from 1.4% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: NZ$0.093 (up from NZ$0.068 in 1H 2023).

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 stay flat during the next 3 years compared to a 4.3% growth forecast for the Multiline Retail industry in Oceania.

Performance of the market in New Zealand.

The company's shares are up 11% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Warehouse Group has 2 warning signs we think you should be aware of.

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