23 Nov 2012

Warehouse eyes $100m earnings

8:04 pm on 23 November 2012

The Warehouse says it expects its adjusted earnings for this financial year to exceed the 2012 result.

The country's largest listed retailer has posted an adjusted earnings result of $99.7 million for the past financial year.

Chief executive Mark Powell says the company has spent about $22 million turning the business around, which includes shop refits.

"The comparable refit stores are delivering - post refit - about three or four percentage points higher same-store sales growth, relative to the (overall) company's same-store sales growth," he says.