Which are 5 NZX retailers with decent YTD returns in Q4?

Highlights

• The retail sector acts as a vital indicator to gauge economic progress made by a country.
• Kathmandu Holdings declares a final 3.0 cps as dividend to be paid in December.
• Michael Hill International announces to conduct an online Annual General Meeting in the last week of October.

The retail sector is one of the fastest growing sectors across the world economy and helps in mobilising investments and savings of consumers.

Moreover, retail spending is a key economic indicator as consumer spending steers much of the economic growth of a country.

That said, let us explore the five NZX retail stocks boasting decent YTD returns in the last quarter of the year.

Image source: © 2021 Kalkine Media New Zealand Ltd, data source- EODHD/Others

Kathmandu Holdings Limited (NZX:KMD)

Headquartered in Christchurch, Kathmandu Holdings Limited is New Zealand’s famous outdoor lifestyle brand.

The Company has recently declared a solid FY21 performance. Its sales and underlying EBITDA clocked NZ$922.8 million and NZ$113.3 million, respectively, underpinned by strong sales performance by its iconic brands, Rip Curl and Oboz.

Maintaining a solid balance sheet, KMD has declared a final dividend of 3.0 cps, payable on 15 December.

With ongoing Australasian lockdowns and restrictions affecting both the Company’s sales as well as its supply chain, KMD expects lower H1 FY22 results as compared to H1 FY21.

On 6 October, at the time of writing, Kathmandu Holdings’ shares rose by 0.65% at NZ$1.560.

Related Read: A lens on 5 NZX retailers amid the prevailing lockdown

Michael Hill International Limited (NZX:MHJ)

Known for its distinct and fine jewellery, Michael Hill International Limited, was created in 1979. On 27 October, MHJ revealed to hold a virtual AGM.

Resolutions for the re-election of its directors are intended to be carried out, along with other business-related resolutions.

At the time of writing, Michael Hill International was trading flat at NZ$0.930, on 6 October.

Can’t Miss Reading: Hallenstein Glasson (NZX:HLG) published its full-year results

Hallenstein Glasson Holdings Limited (NZX:HLG)

Auckland-based Hallenstein Glasson Holdings Limited is a famous retailer for menswear and womenswear.

Recently, the Company had declared its full-year results ended 1 August 2021, wherein NPAT was recorded at NZ$ 33.32 million, up by 20% on pcp. Its group sales, which grew by 21.9%, amounted to NZ$ 350.76 million, driven by solid inventory management and online sales.

The directors have postponed dividend declaration until various Australasian states come out of their respective lockdowns.

On 6 October, Hallenstein Glasson Holdings dipped by 0.57% at NZ$6.950, at the time of writing.

Also Read: Michael Hill International (NZX:MHJ) announces record digital first sales

The Warehouse Group Limited (NZX:WHS)

The Warehouse Group Limited is NZ’s famous merchandise retailer. On Monday, WHS notified its stakeholders regarding the appointment of its new Chief Digital Officer, Sarah Kearney.

It is pointed out that Sarah would take charge of her new role in coming months.

Shares of The Warehouse Group rose by 0.25% at NZ$4.080, on 6 October, at the time of writing.

Related Read: Do These 6 Dividend Stocks Have Robust Growth Prospects- HLG, WHS, NWF, MEL, CDI, FCT?

Briscoe Group Limited (NZX:BGP)

Another leading retail chain is Briscoe Group Limited, which had declared impressive half-year results, majorly on account of its improved strategic initiatives in core areas of supply chain and customer shopping experience.

Do Read: How are 5 NZX retail stocks with online businesses faring amid the pandemic?

While its total sales stood at NZ$ 358.4 million, BGP’s NPAT clocked NZ$47.46 million for the said duration.

Further, the Company will pay an interim dividend of 11.50 cps on 14 October.

BGP expects to produce an NPAT between NZ$73.2 million to NZ$85 million, subject to no further lockdowns and outbreaks in New Zealand.

At the time of writing, on 6 October, Briscoe Group was trading at NZ$6.55, decreasing by 2.53%.

Bottom Line

The retail sector plays a significant role in the country’s advancement as when consumers open their wallets, the economy tends to buzz.