WHS - Warehouse Group

[Toddy]

This is a stark reminder of what's going on economically in NZ. Sure we can critique the business plan, but the bottom line is that money is tight. And nothing is going to change anytime soon. It's going to get even tougher.

It's a long shot blaming the weather for the sales performance.

[winner69]

Só ~$25m EBIT for full year ….not much NPAT after that no matter what ‘adjustments’ they come upmwith

Half year EBIT was $44m so second half a LOSS and a pretty big one at that

[winner69]

This is a stark reminder of what's going on economically in NZ. Sure we can critique the business plan, but the bottom line is that money is tight. And nothing is going to change anytime soon. It's going to get even tougher.

It's a long shot blaming the weather for the sales performance.

Ha ha blame winter ‘mild weather’. ….I reckon it’s been the coolest May/June I’ve experienced

[CD_CHCH]

Go woke, go broke - the warehouse is an excellent example.

Hard to believe that the company once had a market cap of over $3 billion.

Here's part of the reason for their downfall....last weekend we were looking to replace a couple of aging smartphones - Noel Leemings staff had absolutely no knowledge of the product they were selling and would say anything to try and make a sale, and that's assuming you can actually find someone who is prepared to serve you to start with

[Toddy]

Ha ha blame winter ‘mild weather’. ….I reckon it’s been the coolest May/June I’ve experienced

The winter chill hours that help determine what we can expect our bud break to look like on the Kiwifruit come spring are 'through the roof'.

[ratkin]

Mild weather
It has been freezing in chch. May was one of the coldest ever.

The cold winds are blowing in from TEMUka

[Balance]

Here's part of the reason for their downfall....last weekend we were looking to replace a couple of aging smartphones - Noel Leemings staff had absolutely no knowledge of the product they were selling and would say anything to try and make a sale, and that's assuming you can actually find someone who is prepared to serve you to start with

The Warehouse staff have been so indoctrinated with woke that they cannot absorb anything (especially good customer service) any more.

I can actually see the warehouse reverting into a few provincial stores only in NZ as the ones in the main centres close down one after another in the future. All the property sale & leaseback deals done to keep the group solvent5 (and paying dividends) have very long tail lease & rental liabilities - hundreds of millions of dollars.

Good luck to the warehouse getting a good CEO - who would want a crap job like that!

[ratkin]

This is a stark reminder of what's going on economically in NZ. Sure we can critique the business plan, but the bottom line is that money is tight. And nothing is going to change anytime soon. It's going to get even tougher.

It's a long shot blaming the weather for the sales performance.

Apparently the offshore outfits have been doing well in NZ though, so it looks like an active choice from consumers to swerve the warehouse in favour of other stores.

[whatsup]

Apparently the offshore outfits have been doing well in NZ though, so it looks like an active choice from consumers to swerve the warehouse in favour of other stores.

The public of N Z are doing to the WHS what they did to the Moms & Pops store owners through out N Z all those years ago , what goes around comes around !!

[Habits]

"All the property sale & leaseback deals done to keep the group solvent5 (and paying dividends) have very long tail lease & rental liabilities - hundreds of millions of dollars."

Balance, Im not sure that you understand that leases are renewed every several years, at that point the tenant can vacate and end the lease. Or maybe you do