image

The best stocks to buy since 1993

Latest issue now available

Supergroup - US side moves into profit and plans to double China openings

June 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SGP
  • Price:
  • 1580p
SuperGroup issued its Q4 update confirming a strong end to FY17 with full year profit expected to be £86m-87m, slightly ahead of consensus (£85.8m). Within this, of course, SuperGroup is carrying double running costs of c£2m from new warehouse developments.Wholesale increased by a massive 42.9% to £248.9m. Retail grew 20.6% to £501.6m (9.4% LFL) bolstered by e-commerce sales up 35% year on year and the new store format refurbs continuing to materially outperform, sustaining at break even this year. SuperGroup has opened its first stores in China and is pressing the pedal on expansion. I, like several brokers, think these developments could see a “beat” to the eps forecast to 98.4p this year ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe