Briscoe Group Limited (ASX:BGP) Reports Q4 Sales Growth
Financial Performance
Briscoe Group Limited reported unaudited sales of $245.3 million for the 4th quarter, a 0.96% increase from last year. For the full year, sales reached $791.5 million, representing 99.94% of the previous year’s record. Online sales accounted for 19.69% of total sales, up from 18.72% last year.
Operational Highlights
Promotional activities drove a 1.27% increase in homeware sales and a 0.44% rise in sporting goods. Closing inventories are expected to be around $5 million below last year’s levels. The Group anticipates full-year net profit after tax to align with previous guidance.
Executive Comments
Group Managing Director Rod Duke stated, “In a year which proved to be exceptionally difficult for retail, to deliver positive growth for the final quarter and drive full year sales to 99.94% of last year’s record Group sales is a terrific achievement.”
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