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BUZZ-SuperGroup: profit warning
** UK fashion retailer SuperGroup slides to 4-1/2month lows on a profit warning.
** Becomes latest retailer to see demand for winter clothingcrimped by unusually warm autumn; Next cut its profitforecasts earlier in the week.
** SuperGroup down 8.3 pct, top FTSE 250 faller bysome margin; extends losses since an early September intra-daypeak to about 35 pct.
** Forecasts have been under pressure. In the past 30 days,3 of 9 analysts have lowered their EPS estimates for SuperGroup,with an average cut of 1.6 pct, StarMine shows.
** Stock well into "oversold" territory; 14-day RSI at 7.7. (RM: tricia.wright1.thomsonreuters.com@reuters.net)
Latest SGP News
- Directors dealings: Supergroup founder Dunkerton pares stake
20 Jan 2017 - Ex-divs to take 2.6 points off FTSE 100 on Jan. 19
16 Jan 2017 - SuperGroup hikes dividend as Christmas sales accelerate
12 Jan 2017 - LONDON MARKET OPEN: Stocks Add To Trump Bounce
10 Nov 2016 - BUZZ-SuperGroup: best day in 4 mths on H1 sales beat
10 Nov 2016 - TOP NEWS: SuperGroup Sales Surge But Gross Margin Squeezed
10 Nov 2016 - Supergroup surges as it posts jump in H1 sales, says FY profit will meet views
10 Nov 2016 - Clothing retailers' sales decline again, Kantar criticises discounting
17 Oct 2016
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