12 May 2016 07:36
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Don't have an account? Click here to register.New stores help propel SuperGroup's first half
Wed, 16th Dec 2015 07:45
(ShareCast News) - Strong first half trading from SuperGroup saw positive sales growth in its half-year report on Wednesday.The FTSE 250-listed owner of popular faux-Japanese fashion brand Superdry saw revenue rise 22.3% to £254.7m in the 26 weeks to October 24.Underlying profit before tax was up a sizeable 54.4% to £19.3m. Excluding North America, it increased 73.6%.Basic earnings per share were up to 20p, from 11.9p, on an underlying basis. Its reported basic earnings per share were just 10.2p, however, down from 17.2p last year.In the report, SuperGroup said this reflected the period-on-period remeasurement of financial derivatives, as well as "exceptional items" related to the North America licence buy-out.The company bought itself out of its US distribution licence in March for £22.3m, which gave it exclusive rights to sell its products in North America."SuperGroup has made good progress in realising its strategic objectives in the first hald and has delivered profitable growth, while continuing to invest in the business", said chief executive Euan Sutherland, commenting on the results."Central to this is the ongoing process to get ever closer to out customers who clearly appreciate the product innovation that is widening the Superdry offer."Over the six months, the group added 14 net new stores totalling 63,000 square feet of new trading space - or 9% - since year-end.There were also 23 new international franchised and licensed store openings.SuperGroup announced its maiden dividend, paying an interim dividend of 6.2p per share on February 5 2016.
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12 May 2016 07:23
SuperGroup co-founder to quit firm
LONDON, May 12 (Reuters) - SuperGroup, the British company behind the Superdry fashion brand, said on Thursday its co-founder, brand and design director James Holder, is to quit the retailer. The firm, whose trademark jackets, hooded tops and jogging bottoms are popular with teenagers and t
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FTSE 250 miners: Metals and oil stocks rebound
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London midday: Rolls Royce leads gains ahead of US data
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Read more12 Feb 2016 11:04
SuperGroup founder sells 4m shares, reportedly to fund divorce
(ShareCast News) - The founder of SuperGroup - the company behind the popular Superdry fashion brand - has sold 4m shares due to "personal circumstances" amid reports he plans to use the proceeds to fund his divorce. The shares were sold at 1,200p each via an accelerated bookbuild placing to institu
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