Rebel Sport hot property in NZ

Briscoe Rebel SportsBriscoe Group, which owns the Rebel Sports franchise for New Zealand, is currently operating 33 Rebel Sport superstore locations and

It has reported its Sporting Goods sales reached $42.1 million in the third fiscal quarter ended October 25, up 11.71 per cent from the $37.7 million achieved for the equivalent quarter last year.

On a same-store basis, Sporting Goods sales increased by 7.73 per cent 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 in December 2014, Hornby in March 2015, and Queenstown in October 2015.

For the 39-week period ended October 25, the Sporting Goods sales increased 10.65 per cent on a same-store sales increase of 7.42 per cent.

“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 group MD, Rod Duke.

“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 NZ 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.”

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