Stock Market News
Superdry online sales help lift H1 pre-tax profits
Trendy fashion outlet Superdry said underlying half year pre-tax profits rose 20.5% to £25.3m as online sales helped to boost revenue along with forex tailwinds.
Reported pre-tax profits fell almost a third to £9.1m after an increase in fair value movement on forex contracts.
Superdry also released a trading update for the 10 weeks to January 6, with global group revenue up 12.6% to £215.6m, including a 0.5% benefit from foreign exchange and group retail like-for-like growth of 4.7%.
Wholesale revenues grew by 20.4%, while those from online were up 30.5% and retail shops 3.1%.
Half year group revenue rose 20.4% to £402m, including a £12m benefit from foreign exchange.
Retail revenue was up 12.8% to £242.7m, including like-for-like growth of 6.3%. Online revenue growth was 31.6% and shop revenue increased to £181.5m, up 7.6% year-on-year.
Chief executive Euan Sutherland said the board was confident in delivering full year underlying profit before income tax in line with the range of analyst expectations and in the "quality of the sustainable financial performance we can deliver".
Reported pre-tax profits fell almost a third to £9.1m after an increase in fair value movement on forex contracts.
Superdry also released a trading update for the 10 weeks to January 6, with global group revenue up 12.6% to £215.6m, including a 0.5% benefit from foreign exchange and group retail like-for-like growth of 4.7%.
Wholesale revenues grew by 20.4%, while those from online were up 30.5% and retail shops 3.1%.
Half year group revenue rose 20.4% to £402m, including a £12m benefit from foreign exchange.
Retail revenue was up 12.8% to £242.7m, including like-for-like growth of 6.3%. Online revenue growth was 31.6% and shop revenue increased to £181.5m, up 7.6% year-on-year.
Chief executive Euan Sutherland said the board was confident in delivering full year underlying profit before income tax in line with the range of analyst expectations and in the "quality of the sustainable financial performance we can deliver".
Related share prices |
---|
Superdry (SDRY) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price