Briscoe Group (BGP) Q3 2025 TU earnings summary

Executive summary

• Total group sales for Q3 2025 were $171.0 million, down 1.76% compared to the same quarter last year.

• Year-to-date group sales reached $542.3 million, a decrease of 0.71% year-over-year.

• Homeware sales grew 1.80% in Q3, while sporting goods sales declined 7.33%.

• Online sales accounted for 18.48% of Q3 sales and 19.08% year-to-date.

• Strategic focus shifted from top-line sales to stabilising gross profit margin, with inventory levels well managed.

Financial highlights

• Gross profit margin decline was significantly reduced in Q3 compared to the first half, with sporting goods margin exceeding last year by over 50 basis points.

• Inventory at the end of October was over $3 million lower than the previous year.

Outlook and guidance

• Full-year net profit after tax guidance remains at around $60 million for the period ending 25 January 2026.

• Management remains cautious about the retail environment, despite recent monetary policy shifts.

• Optimisation of sales and gross profit margin will continue into Q4, with hopes that OCR reductions will boost consumer confidence.