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SuperGroup full year sales soar 83%

SuperGroup, the young fashion business which owns brand Superdry and retail chain Cult, said that full-year group sales rose 83% to £139m in its first figures since it joined the stock market.

In its first pre-close statement since floating on the stock exchange in March, the business said that retail sales in the year to May 2 soared 75% to £85m driven by new store openings in the UK. Like-for-like sales jumped 17% during the period.

Wholesale sales grew 98% during the year to £54m.

The business reiterated its full year pre-tax profit guidance, pre-exceptionals, of not less than £25.7m as outlined in its IPO prospectus.

The group trades from 43 standalone stores in the UK and 56 concessions in department store House of Fraser. As well as its UK wholesale business, the group wholesales in 33 countries internationally.

SuperGroup chief executive Julian Dunkerton said: “We are absolutely delighted with the progress achieved this year and that the momentum of growth has continued both in the UK and abroad.

“Recent store openings have confirmed the success of the new store design and internationally we go from strength to strength.”

SuperGroup will announce its full financial results for the 52 weeks ended May 2 on July 15.

Readers' comments (1)

  • amazing result in this climate.
    this will be the first brand of its kind to reach a billion valuation

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