Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

SuperGroup 13-week Group Sales Rise 14% - Quick Facts

SuperGroup Plc (SGP.L) on Thursday said sales in the 13 weeks ended April 29 increased over 14 percent with growth in both retail and wholesale businesses.

Group sales climbed to 75.2 million pounds from 65.9 million pounds. Retail sales grew to 39.4 million pounds from 31.6 million pounds and like-for-like sales were flat. Online performance was strong but the challenging retail environment witnessed a slow-down in sales from stand-alone stores and concessions. Wholesale Sales grew to 35.8 million pounds from 34.3 million pounds. The underlying growth rate was around 9 percent before adjusting for the year end translation of currency.

According to the company, the slow-down in reported growth rate of the Wholesale business was impacted by the annualisation of the SuperGroup Europe acquisition and the continued expansion of the UK Retail business. In addition, growth was adversely impacted at the end of the quarter by delays to franchise stock shipments. Julian Dunkerton, CEO, said, ''Although the fourth quarter has been a disappointing end to a challenging year, the brand remains strong and this, together with the Group's investments in key senior personnel and system infrastructure, provides a solid platform for the coming financial year."

Register
To receive FREE breaking news email alerts for SuperGroup Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After seeing initial strength on the heels of upbeat economic data, stocks have fluctuated over the course of early trading on Wednesday. The major averages have pulled back off their highs for the young session, with the Dow sliding into negative territory. After reporting a notable contraction in U.S. economic activity in the first quarter, the Commerce Department released a report on Wednesday showing that gross domestic product rebounded by more than anticipated in the second quarter. Employment in the U.S. private sector continued to see notable growth in the month of July, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth came in below economist estimates.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.