Superdry-owner SuperGroup posts 30% fall in H1 profit
[LONDON] SuperGroup, the owner of clothing brand Superdry, posted a 30 per cent fall in profit in the first half, a period when its summer ranges received a mixed reaction from shoppers and warm autumn weather hurt sales of winter items.
The group reported underlying pretax profit of 12.5 million pounds (US$19.6 million) for the six months to Oct 25, down from 17.9 million a year earlier, on revenue up 8.4 per cent to 208.2 million pounds. Like-for-like sales fell 4.1 percent, it said.
It stuck to its outlook given on Oct 31 of full-year profit between 60 million and 65 million pounds.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
SocGen Q1 profit slumps less than expected as investment bank surprises
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct