Updates

Superdry - Still on track for first profits since 2019

June 2022

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.

Superdry has issued a reassuring report saying full year pretax profit is expected to meet consensus expectations. Full year sales were up 10% to £610.5m. Q4 performance is more relevant as to the current picture given the previous quarters had been so skewed by lockdown performance. In Q4 sales grew 17%. Retail was +33%, within which stores was +203% as it lapped enforced closures and Online was -21.5%. There was obvious shifting of consumer spend back to physical trading as stores reopened and the group has reduced promotional activity as it continues its strategic focus on full price sales. Retail gross margins are up 590bps Wholesale was +3% in part due to the prolonged Covid disruption in markets. Overall, then, a 2% miss on sales b ...

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T Clarke - High confidence to beat forecasts

Boohoo Group - Highly geared to any improvement in commercial flights

Superdry (April 2023)

Superdry (February 2023)

Superdry (January 2023)

Superdry - Outperforming the market (November 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)

Superdry - Free cash generation about to balloon six-fold (February 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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