12 Sep 2011

Warehouse results expected within forecast range

8:10 am on 12 September 2011

A mild winter and continued decline of the CD and DVD market are expected to have dented sales at The Warehouse which releases its full-year results this week.

Forsyth Barr analyst Guy Hallwright expects the country's largest listed retailer to announce an adjusted profit in the range of $76 - $80 million, in line with previous forecasts.

Mr Hallwright says he expects growth in the retailer's stationery arm to remain solid but the sale of seasonal items will have been adversely affected by the warm weather at the start of winter.

He also expects the continued decline of the CD and DVD market to be evident in the retailer's results.

The Warehouse releases its annual results on Friday.