- Full-year underlying pre-tax profits up 16.3% to £73.5m
- Retail like-for-likes rise 11.3%
- Total sales up 21.3% to £590.1m
SuperGroup boss Euan Sutherland has hailed “significant progress” in his first full year in charge as the retailer recorded a jump in profits.
Underlying pre-tax profits jumped 16.3% to £73.5m in the year to April 23. Like-for-likes in the period rose 11.3% in the period, while total sales climbed 21.3% to £590.1m.
Sutherland, who joined the fashion retailer from the Co-op in 2014, said: “SuperGroup has made significant progress this year … while maintaining momentum against all the elements of our strategy to build a global lifestyle brand.”
“Strong” growth in its e-commerce sales means revenue from online is now 23% of its total, the retailer said.
SuperGroup upped its expansion in mainland Europe, where it now operates 87 stores, representing 31% of its total retail estate.
In the US, five trial stores opened and trial stores will open in China this summer.
Looking ahead, Sutherland added: “We remain well placed: We have a healthy, committed new store pipeline in multiple geographies; are making good early progress in the USA and China; have clear ecommerce momentum and look forward to delivering the full-year impact from our product innovation.”