Highlights

  • The indicated annual Yield is 5.47%, with an Interim Dividend of NZD0.117 per share.
  • Quarterly sales increased 1.98% to NZD174.4 million in the period ended 25 October 2026.
  • The company anticipates full-year reported profit of up to NZD55 million.

Briscoe Group (ASX:BGP) operates New Zealand homeware and sporting goods stores through Briscoes Homeware and Rebel Sport. Its indicated annual yield of 5.47% accompanies an interim dividend of NZD0.117 per share. The 6 November 2026 sales update shows improving Revenue momentum, while operating pressures and major Investment costs continue to constrain profitability.

The interim dividend carries a New Zealand dollar amount

Briscoe Group (ASX:BGP) had an ex-dividend date of 24 September 2026 and Record Date of 25 September for the interim payment. The payment date was 8 October 2026, which has passed. The NZD0.117 amount should not be read as an Australian dollar dividend.

The listed Australian franking percentage is 0%. This does not by itself resolve New Zealand imputation or an individual shareholder’s tax treatment. Payment currency arrangements and exchange rates can also influence the Australian dollar cash ultimately received.

The indicated 5.47% annual yield depends on the share price and dividend basis. It is different from the single interim amount and does not establish the next payment. Retail cash generation must support inventory, operating expenses and investment alongside distributions.

Sales growth improves across stores and online

Briscoe Group (ASX:BGP) reported unaudited sales of NZD174.4 million for the 13 weeks ended 25 October 2026, up 1.98% from NZD171.0 million. It was the fourth consecutive quarter of positive group sales growth.

Sporting goods sales increased 3.99%, while homewares rose 0.82%. The homeware result returned to growth following a 2.17% decline in the preceding quarter. These different trends show that the recovery in discretionary spending is not uniform across categories.

Online sales increased 5.77%, or NZD1.8 million, and represented 19.17% of quarterly sales, compared with 18.48% a year earlier. For the 39 weeks ended 25 October, total sales were NZD548.6 million, up 1.17%. Sporting goods grew 3.00% year to date, while homewares were up 0.06%.

Margin recovery competes with transition costs

Briscoe Group (ASX:BGP) said Gross Profit performance continued to improve, with the decline in gross profit percentage narrowing against comparative periods. That does not establish that margins had fully recovered. The retailer continued to balance promotional sales activity with protecting gross profit.

Elevated fuel prices, cautious discretionary spending and pressure on the New Zealand dollar remained cost and Demand challenges. The market was highly promotional, limiting the extent to which modest sales growth could translate directly into higher profit.

The new North Island distribution centre and the SAP S/4HANA upgrade added current-year operating costs ahead of expected benefits. The company anticipated more substantial efficiencies during the 2027/28 financial year. It forecast current full-year reported net profit after tax of up to NZD55 million, dependent on the important fourth quarter.

Key Insights

Briscoe Group (ASX:BGP) combines an NZD dividend profile with improving sales and an unfinished Margin recovery. Investment costs remain a near term Earnings constraint. Fourth-quarter trading and the timing of operational benefits provide important context for the indicated yield.