SuperGroup confirms strong performance as full results released

Superdry owner SuperGroup has released its full figures for the year ending 29 April 2017 showing revenue up 27.4% to £752m with strong performances across retail, ecommerce and wholesale.

The business, which also recorded a profit before income tax increase of 53.1% to £84.8m, was obliged to release the highlights of its results towards the end of last week following the random theft of a staff member's bag containing a draft of the numbers. The theft meant it was possible that a third party may have seen the numbers and so the group was obliged to inform the Stock Exchange.

Retail sales were up 20.8% in the year with like-for-likes up 12.7%. The group increased its global retail footprint by 80 stores to 555 during the year, opening 154,000 sq ft of owned store space and net 59 new franchise locations. Ecommerce was up 35% while wholesale was up 43.2%.

SuperGroup chief executive Euan Sutherland said the group had "maintained momentum against all elements of our strategy". "Our focus on delivering long-term sustainable growth continues, through a multi-channel approach that balances a disciplined owned and franchised store opening programme with further development of our re-engineered Wholesale channel and strong E-commerce proposition," Sutherland said.