Briscoe sees record full year sales and upgrades NPAT

Company News

by Jessica Amir

Retailer, Briscoe (ASX:BGP) reported record full-year sales, and a 3.5 per cent jump on the prior corresponding period, for the 52 weeks to January's end.

The NZ chain’s $603 million annual sales were bolstered by record Black Friday and Boxing day sales.

As a result, the group is now expecting this year’s net profit after tax (NPAT) will hit a new high, of $61 million.

And if you were to look at its online sales, that saw sales jump 30 per cent, on the prior year on the back of the business focusing on its web offering.

Shares in Briscoe (ASX:BGP) are trading flat, at $3.78.
 

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.