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The Warehouse Group forecasts a tough second half with a $14M EBIT loss, despite positive sales trends.
The Warehouse Group, led by interim CEO John Journee, anticipates a challenging second half of the fiscal year, with an expected EBIT loss of around $14 million.
Despite a positive sales trend in January and February, the company faces continued pressure on gross margins due to intense competition and a slow economic recovery.
The Warehouse Group aims to manage costs and expects an economic recovery by the end of 2025 to improve consumer spending.
Full first-half results will be released on March 21.
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El Grupo de Almacén prevé una segunda mitad dura con una pérdida de EBIT de $14M, a pesar de las tendencias de ventas positivas.