THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE

Superdry posts strong revenue growth

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

FASHION

Superdry posts strong revenue growth

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.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy