Superdry hails return to form in full-year results
SuperGroup, the owner of the Superdry fashion brand, hailed its full-year results as a return to form as it reported a 5.7% increase in retail like-for-like sales.
In the 52 weeks to 28 April 2013, group revenue climbed 14.9% to £360.4 million while pre-tax profit rose 0.8% to £51.8 million. On an underlying basis, pre-tax profit rose 22% to £52.2 million.
During the year, e-commerce sales increased by 27.8% and now contribute 11.2% of group revenue, while internet sales were made to 122 territories through 16 Superdry websites.
SuperGroup also increased its UK and European store portfolio by 13.8% to 536,000 square feet and opened a net 56 international franchised and licensed stores in the year, taking the total to 162.
Never Miss a Retail Update!Chief executive Julian Dunkerton, said: “The financial performance for the year represents a return to form for the group. Investment in infrastructure and the strengthening of the management team, with some notable new hires, underpin our disciplined growth strategy.
“The enduring appeal of the Superdry brand and the improvements and extensions to the ranges, in particular the progress made in womenswear, gives me confidence that there are significant opportunities for growth across all channels and geographies. I am pleased by the performance of 2013 ranges and the early reaction to 2014 product and remain confident in the prospects for the group.”
