Retailer Briscoe Group has reported record full-year sales after a strong second half but still expects a drop in net profit.
The group, which owns the Briscoe Homeware and Rebel Sport brands, achieved sales of $792 million in the year to January 28, up 0.78 per cent.
Its homeware sales were up 0.54 per cent on the previous year, and sporting goods sales up 1.17 per cent.
Second-half sales, for the 26-week-period ended January 28, were up 1.15 per cent to $422.7m from the same period a year ago.
The group expects full-year net profit after tax (NPAT) to be “in excess of $83m which will represent at least 94 per cent of last year’s record NPAT”.