Warehouse swings to first-half profit, but revenue falls

The Warehouse Group reports $11.8m profit as sales decline slows

Retailer cuts costs and improves cash position amid ongoing challenges.

Warehouse swings to first-half profit, but revenue falls

The Warehouse Group reported its half-year results for the six months ended January 26, revealing a revenue drop of 1.6% from the first half of 2024. The...

Warehouse Group Cuts Costs And Lifts Profit

The Warehouse Group cut digital spending by $26.6 million, reducing overall project costs.Net profit rose to $11.8 million, reversing a $23.7 million loss the previous year.Sales declined 1.6%, but improved trends were noted in the second quarter.The Warehouse Group has significantly reduced its investment in systems and digital projects, contributing to an improved financial position. The company cut its spending on these initiatives by $26.6 m…

The Warehouse Group slashes systems investment in latest half-year

The Warehouse Group cut systems and digital investment in its latest half-year to the tune of $26.6 million, helping to reduce overall project expenditure by 82 per cent. Investment in core systems, other information systems and digital in the first half of 2024 totalled $33.4 million where in the first half of 2025 they fell to just $6.8 million, a reduction of $26.6 million. In November 2023, the group deferred $30 million of planned digital i…