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Supergroup posts surge in full year profit

Supergroup, the owner of the Superdry brand, saw its underlying pre-tax profits surge by 18.4% to £87 million in the year to 29 April

FASHION

Supergroup posts surge in full year profit

Revenue was up 27.4% to £752 million as the fashion retailer saw its retail revenue climb by 20.8%.

During the year, Supergroup increased its retail footprint by 80 shops to 555 Superdry branded stores across the world.

Euan Sutherland, Supergroup chief executive, said: "Supergroup has made further significant progress this year, delivering growth in sales, profit and the ordinary dividend as we maintained momentum against all elements of our strategy.

“Our focus on delivering long-term sustainable growth continues, through a multichannel approach that balances a disciplined owned and franchised store opening programme with further development of our re-engineered Wholesale channel and strong ecommerce proposition.”

The company has also announced plans to open standalone stores for its Superdry Sports brand.

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