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Supergroup - Peak period Q3 sales growth accelerates to 14.9%

February 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:
  • 1533p
New 52-week highs were seen before retracing after Supergroup issued its Q3 update for the 10 weeks to 10 January, which showed a strong performance over the peak period: like-for-like growth in Retail had accelerated to 14.9% in Q3, versus 11.9% in Q1 and 13.7% in Q2.E-commerce is now  24% of retail sales.  Over the next year, the company should be able to fulfil European orders from its new DC, launch the new App and significantly improve its digital marketing effort. Supergroup also opened nine net new stores in  Q3 adding 74,000 sq. ft. to its trading space. It said  the new UK store format was trading well and will  be extended to a further five stores in Q4.Cantor has upgraded to eps of 83.6p fo ...

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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.

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