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Trading statements

SuperGroup sees FY profit at £86m-£87m, in line

11 May 2017 07:24

SuperGroup said its directors anticipate FY underlying pretax profit will be in the range £86m-£87m, in line with market expectations.

"We remain focused on the consistent execution of the strategy outlined in early 2015," said CEO Euan Sutherland.

"This global multi-channel growth strategy balances opening stores, developing new wholesale partners and driving our strong e-commerce proposition to expand the reach of the brand and further diversify our business model."

Sutherland said FY 2017 had seen another good year of sales and profit growth.

"This has been achieved by improving our product ranges and introducing new categories to excite, inspire and maintain the brand's relevance while, in parallel, investing in our development markets and improving our infrastructure," he said.

"With a clear strategy and a number of long term opportunities to establish Superdry as a global lifestyle brand we remain confident in the continued delivery of sustainable revenue and profit growth."

FY group revenues were £750.6m, up 27.2%, with retail revenues up 20.6% at £501.6m.

Story provided by StockMarketWire.com

Related Company: SGP

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