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Christmas sales rise at Superdry

SuperGroup has reported revenues of £162.1m in the 10 weeks to 7 January 2017, up 20.6% year on year, boosted by rapid international store expansion and the drop in the value of sterling.

Like-for-like sales were up 14.9% during the same period.

Superdry opened a net nine new stores during the period, adding 74,000 sq ft to its trading space.

Full year underlying profit before tax is expected to be in line with analysts’ expectations of £84.6m.

In November, SuperGroup reported revenues of £334m for the half year to 29 October 2016, up 31.1%.

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