Briscoe Group Eyes Profit Recovery Amid Tough Retail Climate

Briscoe Group Limited (NZX: BGP) is pinning its hopes on lower interest rates boosting consumer spending in the latter half of the year. Managing Director Rod Duke acknowledged that the first half of FY25 is expected to be as challenging as the previous year. While the company refrained from providing specific earnings guidance, it expressed optimism about returning to a more stable profitability pattern in the second half. Duke emphasized that interest rate reductions could be a crucial factor in improving retail conditions, potentially driving stronger sales performance. Despite current headwinds, Briscoe Group remains focused on navigating the economic environment and sustaining long-term growth.

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