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Sales edge up 1.3% at Supergroup

Supergroup’s like-for-like sales rose 1.3% during the three months to January 26, as it focused on full price Christmas trading.

Superdry’s parent said that, adjusted for the impact of eBay, underlying like-for-likes rose 4.9%.

Total retail sales in the 13 weeks to January 26 were up 18.2% at £113.8m, while total group sales for the period rose by 22.1% to £141.1m. Wholesale rose 41.7% to £27.3m for the third quarter.

For the year to January 26, sales have grown by 18.7% to £230.7m while like-for-like sales grew by 4.7%.

Nine standalone stores were opened during the quarter and two stores were relocated.

Julian Dunkerton, chief executive at the company said the company was on track for the full year.

‘‘I am pleased that our on-going strong sales growth and improved margins mean the business remains on track to deliver profit in line with market expectations. All infrastructure projects are running to plan; in particular the new distribution centre is already playing a significant role in the delivery of spring/summer products.”

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