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Trading statements

SGP's total retail revenue surges in 37wks to Jan. 9

14 January 2016 07:56

SuperGroup said its total retail revenue surged to GBP315.6m in the 37 weeks to Jan. 9, from GBP256.8m a year earlier. Its like-for-like sales were up 9.5%, versus a gain of 3.8% a year earlier.

It was confident of delivering underlying FY pretax profit in line with analyst expectations.

CEO Euan Sutherland commented:

"Having made further good progress through our peak trading period our focus remains on delivering our strategic plan to create a global lifestyle brand.

"This encompasses the continued extension of the Superdry brand and the execution of clear global retail growth opportunities, under-pinned by ongoing investment to strengthen the business.

"With a positive customer reaction to our latest product developments, a strong pipeline for new stores in our targeted European markets and established momentum in e-commerce, the board remains confident in delivering underlying profit before tax for the full year in line with analyst expectations and in the brand's continued long-term growth."

Story provided by StockMarketWire.com

Related Company: SGP

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