Shares in clothing retailer SuperGroup (SGP) have climbed ever higher since the group reported a bullish trading update at the beginning of May. It's with optimism, therefore, that the market waits to see what the fashion group has in store when it reports full-year results next week.
In that statement, SuperGroup revealed a whopping 18 per cent leap in group revenues in the final quarter alone, which leaves the group on track to report full-year sales growth of 12.5 per cent. On a like-for-like basis, sales were looking 5 per cent higher. However, margins aren't expected to shoot up as currency headwinds and increased promotional activity in the third quarter offset any first-half gains.
Admittedly, the group has pushed ahead with its expansion plans. It grew its own retail space by 13 per cent in the 15 weeks to April, compared with the same period the previous year, and opened 29 new franchises. Online sales also leapt by nearly 40 per cent.
There's no guidance on profit from management as yet, but analysts at Investec expect pre-tax profit of £62.5m, giving EPS of 58.6p. That compares with pre-tax profit of £62m and EPS of 57.2p in the previous year.
