My two cents on a major factor why WHS has had such a strong half (other than the obvious COVID surge) is down to Kmart (in NZ) looks to have completely underestimated the demand post lockdown , their shelves have been empty, and product lines completely disappeared . this is based on frontline observations only as I haven't been able to dive into how Kmart has performed in NZ.
Past period comparatives for WHS have suffered from Kmart beating them up as they grew market share in NZ.
Can anyone please tell me what the $15.8 million dollar loss under "other" is on page 24 of the results presentation? Given thats equivalent to 10% of the H1 operating profit its seems a material number without a clear explanation (that I can see).