The latest announcement is out from Briscoe Group Limited ( (DE:BWU) ).
Briscoe Group Limited announced a modest 0.96% growth in fourth-quarter sales, driven by promotional activities, with full-year total sales reaching $791.5 million, nearly matching last year’s record. The company highlighted the growing significance of online sales, now accounting for 19.69% of total sales, and a strong focus on inventory and cost management. Despite a challenging retail environment and margin pressure, Briscoe Group’s strategic initiatives and strong team are expected to maintain operational resilience through economic uncertainties.
More about Briscoe Group Limited
Briscoe Group Limited is a New Zealand-incorporated retail company, also registered as a foreign company in Australia under the name Briscoe Group Australasia Limited. The company is listed on both the New Zealand Stock Exchange (NZX) and the Australian Securities Exchange (ASX) as a foreign exempt entity. It primarily operates in the retail industry, focusing on homeware and sporting goods.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €560.7M
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