The Warehouse Group Limited yesterday announced the full-year results for 31 July 2022. Despite Auckland stores being closed for 23 percent of the reporting period, the Group delivered sales of $3.3 billion, down 3.5 percent on FY21 but up 3.8 percent on FY20 and up 7.3 percent on FY19.
"While 2022 has been another year disrupted by COVID-19 lockdowns, we are pleased with this solid performance across the Group and our momentum overall as we continue to build a world-class retail ecosystem. I would like to acknowledge all of our team members, who once again adapted quickly to the changing and challenging times so we could be there for our customers," said Nick Grayston, The Warehouse Group CEO.
Click and collect services at The Warehouse increased 60.5 percent this year, and the one-hour click and collect at Noel Leeming grew 50.3 percent. Across all of the Group's brands, click and collect sales increased 54.9 percent, making up nearly half of all sales.
The Group membership programme also grew to 600,000 members in the first ten months after launching in October 2021.
The FY22 profit margin was 35.5 percent, and the Adjusted Net Profit After Tax sat at $85.5 million, a decrease of $167.2 million on FY21.
This past year, the Group focused on affordable groceries, estimated to have saved kiwis $2.7 million.
"Grocery, pantry, health and beauty, laundry and pet care are all growing categories for us and are now available in all of our existing 89 The Warehouse stores. Looking ahead, we will continue to expand our value range and offer grocery essentials at NZ's best prices. We continue to be hopeful that the Government's ongoing actions to make grocery retailing a more level playing field, and access to equitable prices, will enable us to do more. Equal access to supply and distribution continues to be a challenge that is not yet solved."
The Group has also focused on helping kiwis live sustainably and the launch of its unified retial media network, MarketMedia.
