Super Retail reports record first half despite dip in Rebel sales

(Source: BCF)

Super Retail Group reached record revenue in the first half of the current fiscal year despite Rebel’s slight decline in performance.

The group’s revenue went up 3 per cent year over year to $2.02 billion while net profit is estimated to be between $200 million and $203 million during the six months ended December 30, based on preliminary data. Like-for-like sales growth was at 1 per cent.

Boating and fishing store BCF posted the highest sales growth of 8 per cent with revenue amounting to $484 million.

Revenue of auto parts business Supercheap Auto and outdoor gear shop Macpac both climbed 4 per cent to $760 million and $105 million, respectively.

Rebel witnessed sales decline 1 per cent to $673 million, which the group said is impacted by the cost of doing business given its lease portfolio and higher team member-to-store ratio.

“The group has traded well over the cyber sales and Christmas holiday trading period. We maintained positive like-for-like sales growth in the first half, however, cost of living pressures on the consumer did lead to a more constrained retail trading environment at the end of the second quarter,” said Super Retail Group CEO and MD Anthony Heraghty.

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