Supergroup Share Discussion Threads

[aishah] 17/12/2015 13:30

UK retail sales smash expectations in November as the Black Friday effect hits
hxxp://www.cityam.com/231090/ons-strong-retail-sales-for-uk-in-november

[leedskier] 16/12/2015 18:59

Very impressive numbers.

[aishah] 16/12/2015 16:28

Well, we got new buyers for those that sold at 13% down. And now those that sold probably want in at some point if SGP continues growing. A long way to go here imo.

[market sniper3] 16/12/2015 15:00

Problem is those that sold yesterday at 13% down will never return here.

[nw99] 16/12/2015 14:31

Remarkable stuff from Supergroup. Shares up 85% this year now and like-for-likes up 17.2%. In a different world to other clothing retailers

[aishah] 16/12/2015 12:26

SuperGroup has said it has opted out of heavy discounting on the high street and is set for a successful Christmas, dismissing speculation that it was suffering tough trading.

The owner of the Superdry brand, worn by David Beckham and represented by the actor Idris Elba, reported first-half underlying pre-tax profit up 54% to £19.3m as sales at stores open a year or more rose 17% and online sales rose 19%.

Statutory pre-tax profit, including the reduced value of stock acquired when SuperGroup bought out the licence for its ailing US business, fell by a third to £11.5m.

SuperGroup’s shares fell heavily on Tuesday after an analyst’s note suggested the company could be struggling to compete with deep discounts at other retailers. The analyst said SuperGroup had cut prices and could be left with more stock than expected because of unusually warm weather.
SuperGroup slumps 10% on stock fears and discounting for Christmas
Read more

Euan Sutherland, its chief executive, said: “We don’t really recognise some of the facts were in the note. Our promotional participation is very low. It’s less than 10% of sales and it’s slightly lower year on year. Our stock levels are slightly lower year on year and our quality of stock has gone up.”

[aishah] 16/12/2015 11:05

Do hope investors bought in during the sale yesterday :-)



SuperGroup shares touch 20-month high as investors cheer sales growth
The Superdry owner sees shares bounce back to a 20-month high just 24 hours after being downgraded as interim results reassure investors

10:22AM GMT 16 Dec 2015

The owner of clothes brand Superdry saw its shares climb more than 10pc on the back of a strong first-half trading update, briefly hitting a 20-month high of 1712p.

SuperGroup's total revenues climbed 22pc in the 26 weeks to October 24, from £208.2m to £254.7m.

Pre-tax profit fell from £17.2m to £11.5m, as it suffered from foreign exchange movements and costs related to its new North American business.

However investors were cheered by its underlying profit before tax, which strips out one-off costs and grew 73.6pc to £21.7m, and by its announcement of a maiden dividend.

SuperGroup will pay an interim dividend of 6.2p per share, totalling £5m, to shareholders on February 5.

Shares soared 10pc to 1673p by 10am - just one day after they plunged by almost the same amount after a broker downgraded the stock, warning the retailer could be saddled with excess stock and forced into discounting before Christmas.

Liberum downgraded SuperGroup yesterday on 'valuation grounds'Liberum downgraded SuperGroup yesterday on 'valuation grounds' Photo: Superdry

Euan Sutherland, chief executive, said: "SuperGroup has made good progress in realising its strategic objectives in the first half and has delivered profitable growth, while continuing to invest in the business.

"With a successful first half completed, the business is well placed for the significant peak trading period.

[edmondj] 16/12/2015 10:41

Liberum went on the record with "it's time to take profits" so their credibility (loss) outweighs any purported trading gains. Analyst was looking at the extent of promotions and questioning second-half prospects versus market valuation. Time will tell.

[market sniper3] 16/12/2015 09:37

Youd never know peanut brain.

[harebridge] 16/12/2015 09:09

What's the point of these analysts apart from being involved in blatant manipulation?

[albanyvillas] 16/12/2015 08:50

OSB also looks steaming ahead here

[nw99] 16/12/2015 08:42

Lovely story how must they feel today I bet the phones don't stop ringing you told us to sell this yesterday and today the numbers are a blow out !

[ianood] 16/12/2015 08:37

Liberum need new analysts!

[closetinvestor] 16/12/2015 08:33

Hmmm so a day before a cracking set of results the share price tanks 12% to £14 intraday, before starting to recover and opens next day up 12% with a price over £17. No manipulation there then :-/

[harebridge] 16/12/2015 08:20

Very pleased with the results here!

[geoff21] 16/12/2015 08:19

taxi for Liberum, they couldn't be more wrong! Red faces there today! Again!

[izztre] 16/12/2015 08:12

So glad I didnt sell yesterday and bought a few more. How crazy was the reaction to one broker downgrade!

[nw99] 16/12/2015 08:01

Brokers were expecting up 48% so that's correct amazing

[izztre] 16/12/2015 07:50

73% increase in profits excluding America is unbelievable. From what I see Superfry has now replaced Abercrombie in the UK as the brand people want to be seen in. They didn't even have to discount much on Black Friday just 20% off a couple of ranges

[nw99] 16/12/2015 07:37

SuperGroup's figure will be very well received. Some market makers call the stock up 6%

[essential] 16/12/2015 07:28

Cracking results - hopefully a strong rebound today.

[nw99] 16/12/2015 07:27

Up 1.5% pre open

[edmondj] 16/12/2015 07:24

Little detail about current trading; hopefully their marketing mix is faring better than Bonmarche's:

Supergroup:

Outlook

The first half year has seen good progress on our strategic objectives and healthy growth in profits. In the near-term, our main focus is to deliver a successful peak trading period and the remainder of this financial year will see continued growth in our Retail business through a strong new store pipeline in our targeted European markets and through ongoing growth in e-commerce. In our Wholesale business, we will make further improvements in our selling process together with growing our franchise stores in Europe and the US.

In the longer term, we are building Superdry into global lifestyle brand by successfully executing our global growth opportunities across all routes to customer. This, combined with increasing efficiency in the business, gives the Board confidence in our ability to deliver long-term, sustainable growth.


Bonmarche:

Trading conditions during December, particularly since "Black Friday" on 27 November, have been very challenging, and have not normalised. The Board's view is that these trading conditions are likely to continue for the remainder of the winter season and it has therefore revised its profit expectations for the current financial year. Given the ongoing volatility of trading conditions, the Board considers it likely that the PBT will be within the range of £10.5m to £12.0m.


Maybe T-shirts will do well at Christmas:

Now UK set for TROPICAL blast as temperatures rocket to 15C and bees emerge for Xmas

BRITAIN'S bonkers weather will deliver a fresh twist this week as a freak "tropical" blast sends thermometers rocketing to 15C (59F).

[nw99] 16/12/2015 07:08

Underlying profit before tax, excluding North America, up 73.6% to GBP21.7m (1H15: GBP12.5m)