Join our community of smart investors

SuperGroup has super first half

Fashion chain SuperGroup's first-half numbers send shares up 7 per cent
November 6, 2015

It might have been up against weak comparative figures, but that doesn't mean SuperGroup (SGP) didn't have a bumper first half. Group revenues grew 22 per cent to £255m, while total retail sales leapt 31 per cent to £172m. On a like-for-like basis, retail sales were up 17.2 per cent compared with a 4.1 per cent decline this time last year.

IC TIP: Buy at 1,593p

Gross margins are said to have strengthened thanks to growing higher-margin retail sales, although any gains were offset by negative currency movements.