British retailer SuperGroup Plc (SGP.L) Thursday, in an interim statement for the third quarter, reported higher sales, reflecting an improved performance in both the wholesale and retail division. The company said a solid sales performance over the festive period and in January leaves it well placed to meet market expectations.
For the period, the company said, total group sales have increased by 12.3 percent to 115.1 million pounds.
Like-for-like sales for the quarter were up 10.6 percent. Total retail sales in the quarter stood at 89.8 million pounds, up 14.4 percent from the same period last year.
In the wholesale division, for the 13-week period, the company posted net sales of 25.3 million pounds, up 5.4 percent from the previous year.
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