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
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.
Never Miss a Retail Update!“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.
