image

The best stocks to buy since 1993

Latest issue now available

Superdry - Outperforming the market

November 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.

  • Epic Code:
  • SDRY
  • Price:
  • 110p
In an otherwise moribund retail sector, Superdry’s recent trading improvement stole the show. It wasn’t the full year results - these had been preannounced (see June SCSW) with sales up 10% to £610.5m and a return to profitability with pretax profit of £22m and a swing back from the £13m loss incurred in FY21. Whilst ahead of consensus forecasts (c.£10m) this was supported by an FX gain of £13m.  But as I said in June, it is the more recent performance that is the most relevant as there has been uninterrupted trading versus previous periods that were skewed by lockdowns. Even so, markets had been braced for something measly but the trading update covering 1 May to 1 October showed an 'encouraging start' to FY23, with revenue +7% fo ...

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

Subscribe now

Already a subscriber? Login

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

author

SDRY

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