Highlights

  • Fourth-quarter group sales rose 4.58% year-on-year to NZD 256.6 million.
  • Full-year sales increased 0.93% to NZD 798.8 million over 52 weeks.
  • Full-year NPAT expected in the range of NZD 59.0–NZD 60.0 million.

Briscoe Group Limited (NZX:BGP) reported record sales for both the fourth quarter and the full financial year ended 25 January 2026, supported by growth across its homeware and sporting goods segments. The company also reaffirmed its expected full-year net profit after tax (NPAT) of NZD 59.0–NZD 60.0 million, with final results and dividend announcement scheduled for 11 March 2026. Shares of Briscoe Group closed 3.25% higher at NZD 5.08 on February 3.

Record Fourth-Quarter Sales Performance

For the 13-week period from 27 October 2025 to 25 January 2026, Briscoe Group posted unaudited record fourth-quarter sales of NZD 256.6 million, compared with NZD 245.3 million in the corresponding period last year.

Homeware sales increased 3.45%, while the sporting goods segment recorded a 6.46% rise during the quarter. The company attributed sales momentum to seasonal demand and continued customer engagement across both categories.

Full-Year Revenue Crosses NZD 798 Million

For the 52-week period ended 25 January 2026, Briscoe Group reported unaudited full-year sales of NZD 798.8 million, up from NZD 791.5 million in the previous year. Both operating segments recorded growth over the full year, with homeware sales rising 1.42% and sporting goods increasing 0.13%.

Online sales accounted for 20.04% of total group sales, compared with 19.69% in the prior year, indicating a continued contribution from digital channels to overall revenue.

Margins, Costs, and Inventory Update

The group expects its full-year gross profit margin to be around 39.20%. Margin movement in the second half is estimated at a decline of around 75 basis points, compared with 154 basis points in the first half.

Closing inventories are expected to be at least NZD 5 million lower than last year, while total store and overhead costs are projected to increase by less than 1.5% year-on-year. Interest income for the year is forecast to be around NZD 3.2 million lower, reflecting reduced cash holdings and lower interest rates as construction of the Drury distribution centre progresses.

Store Expansion and Outlook

During the year, Briscoe Group opened its new flagship Rebel X store following the redevelopment of the Panmure Rebel Sport site. The company reported positive customer and supplier response, with sales continuing to build following the November launch.

Management confirmed that construction of the Drury distribution centre remains on schedule and within budget.

Briscoe Group closed the financial year with record quarterly and annual sales, stable online contribution, and cost levels broadly aligned with guidance. With final results and dividend details set for 11 March 2026, attention remains on the group’s earnings delivery and ongoing operational initiatives.