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
With trading resuming following the long, holiday weekend, stocks showed a lack of direction throughout the trading session on Tuesday before ending the day mixed. The markets largely held on to the bulk of their recent gains. The Islamic State (IS), a Sunni extremist group previously known as Islamic State of Iraq and the Levant (ISIL), has released a video purporting to show the beheading of US journalist Steven Sotloff, media reports said Tuesday. According to reports, the video also showed a masked man threatening to execute a British man named David Haines. He also warned governments to stay away "this evil allian Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors.
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.