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Trading statements

SuperGroup's FY revenues up 21.1% to GBP589.5m

12 May 2016 07:55

SuperGroup said its FY revenues have risen 21.1% to GBP589.5m, with total retail sales up 24.5% to GBP416.1m and like-for-like sales growth at 11.3%, from 4.8%.

It anticipates delivering margin accretion towards the top end of the full year guidance of 40-60 bps.

Profit for the 52-week period is expected to be in the range GBP72.5m and GBP74.0m.

"Progress in North America and China continues in line with our plans and initial losses in these markets will be in line with market guidance, leading to a small year-on-year dilution of operating margin," the company said in a statement.

In Q4, total retail sales were up 29.9% to GBP98.7m, while like-for-like sales were up 15.4%, versus 11.6% in the comparative period a year ago.

CEO Euan Sutherland commented:

"The Group has traded robustly throughout the final quarter as we continue to deliver our strategy to create a global lifestyle brand.

"We have opened 24 net new stores across our targeted European markets and have a strong pipeline of new stores for the new financial year.

"During the quarter the Group paid its first dividend in line with our progressive dividend policy whilst retaining sufficient capital to support our investment programme.

"Our focus remains on the extension of the Superdry brand and execution of clear growth opportunities, under-pinned by continued investment in infrastructure to strengthen our business."

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