Briscoe Group Limited Reports Unaudited Sales Results for the Fourth Quarter and Full Year Ended January 28, 2018; Provides Earnings Guidance for the Full Year Ended January 28, 2018
The company announced unaudited sales for the 52 weeks ended 28 January 2018 of $603.1 million, being 3.47% above the $582.8 million reported for the 52 weeks ended 29 January 2017. For the 52 week period from 30 January 2017 to 28 January 2018, homeware sales increased by 3.03% to $383.8 million while sporting goods sales increased sales by 4.26% to $219.3 million. On a same-store basis Group sales for the year ended 28 January 2018 were 3.11% ahead of the previous year. On the same-store basis, homeware sales increased by 2.74%, while sporting goods sales increased by 3.77%.
For the full year ended January 28, 2018, the company expects to report a record full year Net Profit After Tax (NPAT) of around $61 million. Last year's reported NPAT of $59.4 million included several one-off benefits totaling $2.7 million in relation to the sale of Group property in Hastings. Adjusting for these one-off items the expected NPAT of around $61 million would represent an increase over last year of 7.6%.