Briscoe Group Limited, which owns the Rebel Sports franchise for New Zealand, reported its Sporting Goods sales reached $42.1 million ($27 mm) in the third fiscal quarter ended Oct. 25, up 11.71 percent from the $37.7 million achieved for the equivalent quarter last year.
On a same-store basis, Sporting Goods sales increased by 7.73 percent compared with the third quarter of fiscal 2014. The same store sales calculation for the third quarter adjusts for the three new Rebel Sport stores opened by the Group at Coastlands (December 2014) and Hornby (March 2015) and Queenstown (October 2015). Briscoe Group now operates 33 Rebel Sport superstores locations and Rebelsports.co.nz.
For the 39-week period ended Oct. 25, the Sporting Goods sales increase 10.65 percent on a same-store sales increase of 7.42 percent.
“We are very pleased that the Group’s strong growth in sales and margin delivered in the first half of this year, continued into this third quarter,” said Rod Duke, Group Managing Director. “All other key performance indicators are also ahead of last year for the cumulative nine month period. Like other retailers we are mindful of the need to protect gross profit margin for the rest of this year and certainly into 2016 as importers’ margins are impacted by a weaker New Zealand dollar and as foreign exchange cover taken at higher levels matures. We are encouraged by our performance to date, optimistic about the outlook for the crucial final quarter and confident that the Group’s full year tax paid profit will exceed last year’s tax paid profit result of $39.30 million.”