Rebel Sport New Zealand has recorded a year-on-year sales lift of 4.05% for the quarter ending October 29 - hitting $70.6 million.
Parent company Briscoe Group saw overall sales grow 2.37% to $179.7 million for the quarter compared to last year.
Rebel reported the largest percentage increase compared to its sister brand Briscoe Homeware, which recorded a 1.32% lift in sales to $109.1 million.
“We’re extremely pleased with the lift in sales delivered for this third quarter,” group managing director Rod Duke said. “To post positive sales growth across both the homewares and sporting goods segments in an extremely tough trading environment, as highlighted in recent retail announcements, is an excellent achievement.”
Duke said while pressure on margins continues to increase, the company’s goal for the full year remains to protect around half of the 633 gross profit basis points gained during the two years ended January 2021 and January 2022.
“As we enter the final and crucial quarter of our financial year and with the general election behind us, we remain cautiously optimistic in relation to the retail environment and the economic conditions which impact consumer spending.
“As previously reported, we don’t expect to replicate last year’s record net profit after tax (NPAT) of $88.4 million, however we are currently forecasting the group to deliver a full year NPAT in excess of $80 million.”
In year-to-date terms, the company’s total sales hit $548.9 million for the thirty-nine-week period from January 30 to October 29 - an increase of 1% against the same period last year.
The Group’s homeware segment increased sales by 0.62% during this period and the sporting goods segment by 1.64%.