The Board of The Warehouse Group Limited provided group earnings guidance for the first half ending January 31, 2016 and full year of 2016. For the period, the company expects adjusted net profit after tax (NPAT) for the Group is expected to be between $43 million and $45 million, which is 15%-21% higher than the same period last year. Strong first half sales and profit performances have been recorded across the company for all its retail brands (that is The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo7). The ongoing execution of the Group's strategy has resulted in both sales and margin growth, with improved seasonal management and strong Christmas trading.

The company now expects that full year of 2016 profit to be up on last year, although not to the same extent as these first half results, given potential risks around the impact of foreign exchange movement on margin, the impact of the 53rd week in fiscal year 2015, and that financial services is in a loss-making establishment phase of its business.