Super Retail Group posts encouraging results

Super Retail Group has posted solid results for the financial year as the company continues to explore its e-commerce capabilities.

Anthony Heraghty, the company’s new chief executive and managing director, said that exploring the company’s omnichannel retail experience, supply chain integration and simplification of the operating model were some of the initial focus areas of his first 100 days as CEO.

Other focus areas were enhancing customer analytics and capitalising on the powerful retail brands under the Super Retail Group umbrella.

And the results have been encouraging, the CEO said.

“Our trading performance is encouraging in a tough environment and confirms the underlying strength of our business and our brands,” Heraghty said.

“Our extensive network of stores, sector leading brands, loyal customer base and expanding e-commerce capability form a powerful combination that sets us apart from existing competitors and new entrants to the retail sector in Australia and New Zealand.”

Super Retail Group, which has a network of 688 stores across Australia and New Zealand, posted a 4.3 per cent lift in sales across the group for the 43 weeks to April 27, buoyed by the 4.2 per cent same-store sales growth of its biggest division, Supercheap Auto. This took Supercheap Auto’s same-store sales growth for the year to date to 2.7 per cent.

The company’s boating and camping chain BCF posted a 5.3 per cent increase in same-store sales over the last 17 weeks, down from 8 per cent at the half year, taking growth for the year to date to 3.3 per cent.

Outdoor retailer Macpac posted a 7.8 per cent increase in like-for-like sales for the financial year to date.

The company announced an interim net profit after tax of $71.7 million in February, a 0.7 per cent decline from the previous corresponding period. Adjusting for items not included in total segment net profit after tax, normalised NPAT was up 8.9 per cent to $81.6 million on last year.

Seven per cent of the company’s sales now occur online.

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