The Warehouse Group Limited provided earnings guidance for the six months ending January 25, 2015. For the period, the group expected that adjusted NPAT for the Group for the first half ending on January 25 is likely to be in the region of $37 million, around 20% lower than last year. The expectation for the first half was for profits to be in line with last year as planned one-off rebranding investments in Noel Leeming and Torpedo7 were absorbed in the first half.

However, in the Red Sheds the cold and wet spring/summer weather has resulted in second quarter sales and margins below expectations, particularly in December. Noel Leeming first half sales have been below last year. The electronics sector as a whole has been subdued as it cycles against TV digital switchover in 2013 and the expected Christmas sales rush did not materialize for Noel Leeming.