Superdry’s parent company, SuperGroup, has seen shares jump 4.6% after it announced a 12.9% sales rise, beating analysts’ expectations.
Gross margins climbed 120 basis points to 60.9%, as retail revenue jumped 17% and like-for-likes rose 4.8%. Wholesale revenues were up 4.9%.
For the first 10 weeks of the current year, revenues were up 34.5%, albeit against weak comparatives.
Euan Sutherland, CEO, commented: "Despite a challenging start to FY15 the business made good progress in the second half of the year, delivering healthy sales growth, developing our infrastructure and continuing to advance our product range as we incorporate extensive customer insight into our design process.
“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. The joint venture in China with Trendy International Group, announced today, together with an extensive pipeline of new stores in our targeted European markets and continued momentum in e-commerce, provides confidence of continued long-term growth."
