Briscoe Group (BGP) H1 2027 earnings summary

Executive summary

• Record first-half sales of $374.2m, up from $371.3m YoY, despite pressured consumer confidence, discretionary spending and weather-related disruption.

• Strategic investment is shifting from capability-building to execution, with Drury operational and priorities on margin recovery, inventory discipline and cost control.

Financial highlights

• Revenue was $374.206m versus $371.269m; gross profit was $152.865m versus $153.803m.

• EBIT was $46.466m versus $46.948m; reported NPAT was $27.567m versus $29.305m.

• Basic EPS was 12.37 cents versus 13.15 cents; diluted EPS was 12.35 cents versus 13.13 cents.

• H1 included ~$1.9m of additional Drury operating costs and ~$0.9m of one-off SAP S/4HANA costs; partly offset by a ~$2.0m pre-tax net lease-accounting benefit.

• Net finance costs rose $1.9m to $7.8m, reflecting lower interest income and higher lease interest.

Outlook and guidance

• Second half begins with positive sales momentum, an improving gross-margin trend and major initiatives moving toward execution and value delivery.

• Priorities are sustaining sales momentum, rebuilding gross profit percentage, controlling inventory and costs, and converting investment into operational and financial gains.

• Retail conditions remain difficult to predict; the Board expressed confidence in strategic direction, financial position and long-term growth opportunities.