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 joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter.