Fashion brand Superdry's parent company, Supergroup, has performed better in its latest fiscal year than analysts had anticipated. Particularly its fourth quarter was very strong.
In the past fiscal year, Supergroup managed a 484.7 million pound (657 million euro) turnover, better than the 479.1 million pounds (650 million euro) analysts had expected. On a like-for-like basis, the company managed a 4.8 % turnover increase compared to the year before and particularly its strong fourth quarter performance (+18.4 % or 11.6 % on a like-for-like basis).
Supergroup has not published any final profit numbers, but CEO Euan Sutherland believes the company will manage the anticipated 60 - 65 million pound (80 - 88 million euro) operating profit. The company has acquired the brand's American rights again and is preparing expansion in that market to boost its sales figures.