Super Retail Group sees slight like-for-like sales growth

Auto parts and outdoor equipment retailer Super Retail Group saw a slight like-for-like sales growth in the first 16 weeks of FY24 on the back of higher sales of Supercheap Auto and BCF.

The group booked a 2 per cent like-for-like sales growth during the period as compared to the same period a year ago. Supercheap Auto sales rose 4 per cent while BCF sales jumped 3 per cent.

“Supercheap Auto’s performance has been driven by ongoing strength in the auto maintenance category, including higher lubricant sales following a successful best performing oils campaign,” said Anthony Heraghty, CEO and MD at Super Retail Group.

“Accelerating sales growth in BCF has been supported by contribution from new stores and increased demand in boating, fishing and water sports.”

Sales of Macpac, however, fell 8 per cent, attributed to unseasonably warm weather that affected the sales of insulation and rainwear products.

Rebel, which is poised to open a new store at Emporium, Melbourne before Christmas, posted zero sales growth. 

Super Retail Group has opened six stores year-to-date in FY24 and remains on track to open 24 stores during the year.

The group plans to spend $150 million in capital expenditure in FY24 for its store development program, a new national distribution centre at Truganina, improvement of customer loyalty programs, and enhancement of cyber, omni and digital capability.

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