The Warehouse swings to $11.2m net profit as costs fall

🌐 New Zealand Herald (NZ) —
The Warehouse swings to $11.2m net profit as costs fall

AI Summary

New Zealand retailer The Warehouse reported an $11.2 million net profit as costs fell relative to sales. Gross margin improved, reversing a trend in which costs had risen as a share of sales since 2021.

Gross margin rose as costs fell as a share of sales for the first time since 2021.

Markets The Warehouse net profit gross margin cost reduction retail New Zealand

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