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Superdry posts strong revenue growth

Superdry owner Supergroup has grown its half year global brand revenue by 25.2% to £756.3 million. In the six months to 28 October, reported group revenues… View Article

FASHION

Superdry posts strong revenue growth

Superdry owner Supergroup has grown its half year global brand revenue by 25.2% to £756.3 million.

In the six months to 28 October, reported group revenues increased by 20.4% to £402 million, including an approximate £12 million benefit from the impact of foreign exchange, the majority of which fell in the first quarter.

Total retail revenue climbed by 12.8% year-on-year, driven by a 31.6% uplift in online sales revenue. Retail like-for-like sales grew by 6.3%.

Meanwhile, wholesales revenue rose by 34.1%.

Euan Sutherland, Supergroup chief executive, said: “We have delivered another strong performance in this half, further demonstrating the unique advantages and attractiveness of Superdry as a global digital brand. Our growth has further diversified the brand, both geographically and across channels, which serves to insulate the business from trading conditions in any single market.

“The performance in this half underlines our confidence in both the strength of the brand we are building and the quality of sustainable financial performance we can deliver.”

The company said it anticipates that underlying full year pre-tax profit will be in line with market expectations and that half year underlying profit, after distribution centre migration costs and development market investment, will be in the range of £25 million to £26 million.

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