New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Warehouse Group Limited / Equity Bottom-Up

<ul><li>We expect The Warehouse Group (WHS) will report materially weaker performance in its FY23 result, due on 28 September 2023.</li><li>WHS has not provided revenue or earnings guidance for the full year, but we expect cost pressures and a challenging consumer demand environment have been significant headwinds.</li><li>Trading updates from key retailer peers continue to highlight difficult near-term conditions, with no signs of easing. We reduce our earnings expectations primarily for cost pressures. </li></ul>

We expect The Warehouse Group (WHS) will report materially weaker performance in its FY23 result, due on 28 September 2023.WHS has not provided revenue or earnings guidance for the full year, but we expect cost pressures and a challenging consumer demand environment have been significant headwinds.Trading updates from key retailer peers continue to highlight difficult near-term conditions, with no signs of easing. We reduce our earnings expectations primarily for cost pressures. 

The Warehouse Group - Checking Out the Competition