Briscoe Group (ASX:BGP, NZE:BGP) reported fiscal fourth-quarter sales of NZ$245.3 million, up from NZ$243 million a year earlier.

Sales for the 12 months ended Jan. 26 were NZ$791.5 million, compared with NZ$792 million a year earlier.

The company expects the fiscal-year group gross profit margin percentage to be around 200 basis points below the previous year's reported margin of 42.4%.

"We believe the difficult retail environment will continue into the 2025 calendar year and expect the group's first half to be especially challenging," said Rob Duke, the group managing director.

The company will report its fiscal 2024 results on March 12.

Shares of the company fell past 1% in recent Tuesday trade in New Zealand.