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