When SuperGroup (SGP) reports half-year results next week, expect a 4 per cent decline in like-for-like retail sales, but a 12 per cent increase in total retail sales thanks to a programme of store openings. Analysts at Peel Hunt have pencilled in pre-tax profit of £14m, down from £18m last year.
Overall, trading slowed over the period, thanks to unseasonably warm Autumn weather. The balmy temperatures continued into November, but given that management already cut its full-year profit expectations at the time of the second-quarter trading update in October, we're not expecting a further downgrade. The results will be the first for new chief executive Euan Sutherland, who joined the group in October.
| Q2 | Half-year | |||||
| Revenues | FY15 | FY14 | Growth | FY15 | FY14 | Growth |
| | £000 | £000 | | £000 | £000 | |
| Retail | 71,046 | 63,768 | 11.4% | 131,482 | 116,985 | 12.4% |
| Wholesale | 51,298 | 53,262 | -3.7% | 77,871 | 75,107 | 3.7% |
| Group | 122,344 | 117,030 | 4.5% | 209,353 | 192,092 | 9.0% |
