Briscoe Group (BGP) H2 2026 earnings summary

Executive summary

• Achieved record total sales of $798.8 million for the year ended 25 January 2026, up 0.93% year-over-year.

• Net profit after tax was $59.2 million, slightly down from $60.6 million the previous year.

• Both Homeware and Sporting Goods segments posted positive sales growth, with Homeware up 1.42% and Sporting Goods up 0.13%.

• Online sales reached 20.04% of total sales, surpassing the 20% threshold for the first time.

Financial highlights

• Gross profit margin declined to 39.23%, down 114 basis points year-over-year, with a smaller decline in the second half.

• Total costs increased by only 1.19% compared to last year, despite wage inflation and operating cost pressures.

• Inventory at year-end was $90.8 million, $8.9 million lower than the previous year.

• Interest income decreased by $3.2 million due to lower rates and reduced cash holdings.

Outlook and guidance

• Management targets positive growth in gross profit margin for FY2026/27.

• Strategic initiatives, including a new distribution centre and advanced analytics, are expected to drive profit growth over the next 3–4 years.

• Board acknowledges ongoing uncertainty due to global events and potential inflationary pressures.