Updates

Superdry - Free cash generation about to balloon six-fold

February 2018

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.

Rather surprisingly the shares came off after strong interims to 28 October were released - but then the shares had gained 32% in three months. But for the fact that H1 is only about 25% of full year profits, company guidance should have moved up as these results were £1-£2m over consensus.As had been flagged in the December trading update, H1 revenue was up 20.4% to £402m with pretax profit up 20.5% to £25.3m. Eps were 25.8p.Wholesale was +34% and Retail +12.8% including e-com (+31.6%) with LFL stated at +6.3%. Gross margin was 57.1%, down 1.7%, primarily reflecting the strength of wholesale in the mix. In the period, 50 Superdry stores were added through 37 franchise stores (now 372) and 13 owned sto ...

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Footasylum

First Derivatives

Superdry (April 2023)

Superdry (February 2023)

Superdry (January 2023)

Superdry - Outperforming the market (November 2022)

Superdry - Still on track for first profits since 2019 (June 2022)

Superdry - Eps of 20p and 38p forecast for next two years (February 2022)

Superdry - Clear evidence of brand turnaround (October 2021)

Superdry - Tripled but could double again (June 2021)

Superdry (February 2021)

Superdry - E-commerce going gangbusters (from +4% after 7 weeks of Q2 to +52% for the last 6 weeks) (December 2020)

Superdry (October 2020)

Superdry - Q1 trading better than initial expectations (September 2020)

Superdry (December 2019)

Superdry (August 2018)

Superdry (June 2018)

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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