Flat Q3 sales for TWG


9 May 2005 – Takapuna (NZ): The Warehouse Group (TWG) has reported a 0.9 per cent drop in its Q3 sales to NZ$489 million ($358 million).

The Warehouse Stationery unit, however – boosted by a positive performance from the B2B channel – posted a 3.7 per cent rise to NZ$52.9 million. But take this away, same-store sales slumped 4.7 per cent.

Chairman Keith Smith said that the group remained on track achieve its full-year earnings guidance of between NZ$66 million – NZ$71 million.