NZ stocks: Market awaits The Warehouse result

By PAUL PANCKHURST

As company reporting season winds down, the sharemarket is this week waiting for one of the last to report: The Warehouse.

The company's full-year result is due on Friday.

A profit warning in May dragged the full-year forecast down from $90 million-$95 million to $73 million-$80 million.

The market is focused on how acting chief executive and founder Stephen Tindall is faring in turning around the struggling Australian arm.

Good sales figures from Australia cheered the market last month but raised the question of whether stock clearances cut into profit.

Fellow retailer Briscoe reports a first-half result on Friday.

Elsewhere this week, punters can take a look at no less than two of those rarely seen beasts, locally based share floats.

The Freightways share offer opens today, and retail Postie Plus Group is due to debut on the NZX tomorrow. On Thursday the Reserve Bank releases its monetary policy statement.