Briscoes

Published: 25 March 2005 Rebel Sport owner Briscoe Group Ltd has signed a conditional agreement to take the franchising business for the Stirling Sports chain of sports goods stores off Mark Taylor’s Stirling Sports Franchises Ltd & Franchise Investments Ltd (in receivership since December). Franchise Investments licensed the intellectual property rights in the Stirling Sports […]

Briscoe Group Ltd’s directors said on Friday the company expected to make a lower full-year net profit after tax than previously indicated. They said November ended disappointingly, December trading started more slowly than anticipated and this was likely to bring a similar cut in 2nd-half profit to the $3.1 million first-half reduction. In that event, […]

Rebel Sports owner Briscoe Group Ltd (managing director Rod Duke) is discussing the takeover of the franchise rights to the opposition 38-store Stirling Sports chain from Mark Taylor, whose listed RetailX business fell apart when receivers were called in to The Building Depot in September. Mr Taylor, of Christchurch, took over his father Colin’s franchising […]

Briscoe Group Ltd’s sales fell 1.3% in the July quarter, compared to that quarter last year, to $71.4 million. The gross margin percentage generated for both the first & 2nd quarters was significantly ahead of the percentage in the same quarter last year, but this was more than offset by higher operating costs, reflecting the […]

Briscoe Group Ltd has sold its Rebel Sport property in Nelson in a sale & leaseback transaction settling by 1 August. Briscoe bought the site in October 2002 and opened the Rebel Sport store there in April 2003. The company said it had also signed agreements to establish new Briscoes Homeware stores in the Coastlands […]

Briscoe Group Ltd’s sales fell 1.9% in the 3 months to 30 April, to $67.3 million. Group managing director Rod Duke said same-store sales were down 8.9% but the gross margin overall was significantly ahead. He said the improved margin performance reflected strategic steps previously announced to redefine the positioning of the Briscoes Homeware and […]

Briscoe Group Ltd increased net profit after tax by just $60,000 to $23.62 million in the year to January, on operating revenue up 6.6% to $317.3 million, ebit (earnings before interest & tax) up 4.1% to $34.7 million and gross profit up 8.2% to $100.5 million. Briscoe will pay a fully imputed 4.25c/share final dividend, […]

40% profit rise for retailer, same-store earnings up 11.3% Briscoe Group Ltd increased net profit after tax for the 12 months to 27 January by 40.2% to $17.5 million from the $12.5 million in 2001. The November 2001 prospectus forecast was for a $15.1 million profit. The final dividend is a fully imputed 3.25c/share, compared […]

After-tax profit up 58.5% on 14% sales rise Briscoe Group Ltd increased net profit after tax by 58.5% to $9.6 million in the July half on sales up 14% to $128.1 million. Gross margins rose from 30.9% to 31.7%, reflecting better inventory management over the 2001 summer holiday period. The company was helped by improved […]

Sales rise 10%, same-store 9.1% Briscoe Group Ltd increased net profit after tax by 2.6% to $9.86 million on sales up 10% to $140.9 million and ebit (earnings before interest and taxation) up 7.38% to $14.3 million in the 6 months to 31 July. Briscoe has paid Rebel Sport Australia the $A3 million final franchise […]