SuperGroup, owner of the Superdry brand, generated a retail like-for-like sales rise of 10.6% in its third quarter, as shoppers snapped up products such as jackets and knitwear.
Total retail revenues in the 13 weeks to January 27 climbed 14.4% to £89.8m as stores and the online business performed well.
Total group sales rocketed by 12.3% to £115.1m and in the 39 weeks to the same end-date were ahead 14.5% to £273.3m.
Because of a “favourable channel mix” and continued improvement in intake margins, full-year group gross margin is expected to come in approximately 50 to 75 basis points ahead of last year.
Wholesale sales over the 13 weeks came in at £25.3m, up 5.4% on the previous year. The order book for spring/summer 2013 is up 20% on last year for the season as a whole on a constant currency basis.
SuperGroup chief executive Julian Dunkerton described the retail performance as “very satisfactory”.
He added: “We are pleased by the response of franchise partners to the spring/summer range. The level of the order book for the forthcoming season and the retail performance during the quarter are positive indications of the demand for Superdry product.
“Although trading conditions remain volatile and unpredictable, the year to date results, and the early indications of the response to the new season range, have provided us with ever increasing confidence for the future.”
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