SuperGroup on track for jump in annual profits
The owner of the Superdry brand said sales in the 13 weeks to 26 January soared 22.1 per cent to £141.1 million, while margins were supported by the fact that the business did not have to repeat the previous year’s clearance sale on auction website eBay.
Chief executive Julian Dunkerton said: “I am pleased that our ongoing strong sales growth and improved margins mean the business remains on track to deliver profit in line with market expectations.”
City analysts have pencilled in a pre-tax profit of between £61.1m and £65.9m, compared with last year’s figure of £51.8m.