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SuperGroup hikes dividend as Christmas sales accelerate

Thu, 12th Jan 2017 08:41

(ShareCast News) - Amid troubled times for some more established clothing retailers, SuperGroup, the owner of the Superdry fashion brand, lifted its interim dividend by a quarter after a half year where sales and profits grew strongly in the UK and gained traction in the US and China.And in the 10 week peak trading period to 7 January, in which it opened nine new stores, the FTSE 250 group grew total sales 21% to £162.1m, with like-for-like sales growth accelerating to 14.9% and the online channel continuing to play an ever more important part.For the 26 weeks ended 29 October, SuperGroup generated sales of £334m, up 31% on the same period the previous year, with sales from its stores up 25% to £215.2m and wholesale revenue surging 43.8% to £118.8m.The weakness in the pound contributed approximately one-third to revenue growth.Retail like-for-like-sales rose 12.8% and online participation as a percentage of total retail revenue growing to 21.6% from 19.2% a year before.Underlying profit before tax rose 8.8% to £21m and underlying basic earnings per share gained 5% to 21.0p.Although underlying cash flow plunged to just £1.2m from £35m and the net cash position dwindled to £40.4m due mainly to high level of working capital investment, the interim dividend was lifted 25.8% to 7.8p.Chief executive Euan Sutherland said management was confident full year underlying pre-tax profits would be in line with expectations."The first half year has seen further good progress with a strong sales performance in all channels, particularly wholesale," he said."This converted to profitable growth after continued investment in both expanded distribution capability and in our development markets."

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31 Oct 2014 10:59

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31 Oct 2014 10:23

UPDATE 3-SuperGroup says no discounts as warm weather hits profit outlook

* Cuts profit guidance to 60-65 mln pounds * Q2 retail and wholesale sales hit by warm weather * Cautious outlook on warm autumn, sector promotions * Shares down as much as 12.5 pct (Writes through, adds details, quotes) By Neil Maidment LONDON, Oct 31 (Reuters) -

31 Oct 2014 09:51

BUZZ-SuperGroup: profit warning

** UK fashion retailer SuperGroup slides to 4-1/2 month lows on a profit warning. ** Becomes latest retailer to see demand for winter clothing crimped by unusually warm autumn; Next cut its profit forecasts earlier in the week. ** SuperGroup down 8.3 pct, top FTSE 250 faller by some m

31 Oct 2014 09:36

Friday broker round-up UPDATE

Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country

31 Oct 2014 09:34

UK BROKER RATINGS: S&P Capital Cuts BT To Sell From Hold

31 Oct 2014 08:34

London open: RBS and IAG lead gains as UK stocks rise on BoJ stimulus

London's stock market jumped in early deals on Friday, trading at levels not seen since the start of the month, after Japan's central bank unexpectedly ramped up its monetary-easing plan in a bid to revive growth. Sentiment was also helped by some well-received third-quarter results from heavyweight

31 Oct 2014 08:25

Situation certainly not super as profit guidance is lowered by SuperGroup

Shares in SuperGroup slumped on Friday morning after the clothing retailer, which owns the Superdry brand, cut its profit guidance. The group said the exceptionally warm weather had resulted in a "high degree of uncertainty" around the future performance of the autumn/winter range and consequently i

31 Oct 2014 08:21

UK MORNING BRIEFING: London Shares Sparked By Japan Stimulus

31 Oct 2014 07:51

SuperGroup Downgrades Guidance As Warm Weather Causes Uncertainty

31 Oct 2014 07:36

MARKET COMMENT: Bank Of Japan Surprise Stimulus Sets UK For Firm Open

31 Oct 2014 07:18

SuperGroup cuts profit outlook as warm weather bites again

LONDON, Oct 31 (Reuters) - SuperGroup, the British company behind the Superdry fashion brand, cut its full-year profit guidance on Friday, saying it had become the latest retailer to see demand for its winter wares fall victim to an unsually warm autumn. The company said it expected full-ye

31 Oct 2014 06:19

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29 Oct 2014 17:15

MARKET COMMENT: FTSE 100 Closes At 3 Week High Ahead Of Fed Decision

29 Oct 2014 15:42

FTSE 250 movers: Vedanta climbs on bauxite hopes

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