Home / Knowledge / News / Apparel/Garments / Apparel marketer SuperGroup's FY15 sales climb 12.9%
Apparel marketer SuperGroup's FY15 sales climb 12.9%
10
Jul '15
Group revenues climbed 12.9 per cent year over year at UK apparel marketer SuperGroup Plc for the fiscal ended April 25, 2015.

According to a press release, Group revenue was up 12.9 per cent to £486.6 million in fiscal 2015 over £430.9 million in the previous fiscal.

Of this, retail revenue surged 17.0 per cent; like-for-like sales ascended 4.8 per cent; online sales drove up 18.2 per cent, while wholesale revenue grew slower at 4.9 per cent, all when compared with fiscal 2014.

Group gross margin too rose 120 basis points to 60.9 per cent in the fiscal under review from 59.7 per cent in fiscal 2014.

Underlying profit before tax in fiscal 2015 grew 2.0 per cent to £63.2 million compared to £62.0 million in the earlier fiscal.

Underlying basic earnings per share stood at 59.1 pence as against 58.0 pence, while it reported basic earnings per share at 56.1 pence in the reporting fiscal as against 34.0 pence in fiscal 2014.

Net cash generated from operations fell steeply to £45.5 million in fiscal 2015 from £77.9 million in the last fiscal, while year-end net cash position amounted to £77.6 million compared to £86.2 million in fiscal 2014.

During the fiscal, the Group acquired exclusive rights acquired to distribute Superdry products in North America.

It added 82,000 sq. feet of trading space during the fiscal, thereby increasing the EU retail portfolio to 715,000 sq. feet, up 13.0 per cent over the last fiscal.

28 new international franchised and licenced stores were opened during fiscal 2015 taking the total number to 221 stores.

SuperGroup said it has maintained the sales momentum achieved in the second half of the last financial year in the 10-week period of fiscal 2016.

“Reflecting our continued store opening program, total retail revenues too surged 34.5 per cent year on year, with like-for-like sales growth of 20.3 per cent in the 10-week period of current fiscal,” it added.

“This performance is against weak comparatives last year and falls within our lowest volume quarter,” the apparel marketer informed.

“With strengthening comparatives in the balance of the year, we currently expect to deliver underlying profit in FY16 within the range of analyst expectations,” SuperGroup observed.

CEO Euan Sutherland said, “Despite a challenging start in the fiscal, the business made good progress in the second half of the year by delivering healthy sales growth.”

“The past year has seen substantial progress in building Superdry globally with continued expansion of our owned retail presence in Europe and the buy-back of the US licence,” Sutherland too added.

“The joint venture in China with Trendy International Group, together with an extensive pipeline of new stores and continued momentum in e-commerce, provides confidence of continued long-term growth,” he noted. (AR)

Fibre2Fashion News Desk - India


Must ReadView All

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search