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SuperGroup posts solid annual performance

SuperGroup has reported strong results for the year to April 26, 2014, with group sales up 19.6% to £430.9m and underlying pre-tax profit up 18.8% to £62m.

Retail sales were up 17.7%, with like-for-likes increasing 3.2%. Wholesale revenue rose 23.3%.

The group’s gross margin increased 140 basis points to 59.7%.

SuperGroup increased its international franchised and licensed stores during the year by 46 to 208, gaining an additional 100,000 sq ft of property throughout the UK and Europe.

Chief executive Julian Dunkerton said: “We have delivered a solid performance over the past year, with profits up 19%, whilst managing the transition to our new distribution centre and the implementation of the merchandising management system.

“With a strong pipeline of new stores, particularly in mainland Europe, we are well positioned for further profitable growth in the year ahead.”

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