Briscoe Group witnessed slightly lower sales in both homeware and sporting goods categories during the last fiscal year.

The group’s unaudited sales declined 0.06 per cent to $791.5 million as both homeware and sporting goods sales decreased 0.06 per cent in the year ended January 26.

Briscoe, however, noted that its online performance rose by 1 per cent and will represent 19.69 per cent of the group’s sales in the 52-week period.

“As reported throughout the past year gross margin has been, and remains, under significant pressure,” said Rod Duke, Briscoe Group MD.

“We expect the final reported full-year group gross profit margin percentage to be around 200 basis points below last year’s reported margin of 42.40 per cent.”

The company expects net profit to be in line with the previous guidance of greater than $66 million.

Briscoe will publish its final full-year report on March 12.