Superdry Warns of Challenges Ahead After Sales Deteriorate; CFO to Step Down -- Update [MarketWatch]
SUPERDRY PLC UNSP/ADR (SEPGY)
NASDAQ:AMEX Investor Relations:
corporate.superdry.com/accordion/contact/investor-relations
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Source: MarketWatch
revenue drop for the first half of fiscal 2024, and said its chief financial officer will step down. Shares at 0826 were up 0.7% to 17.0 pence, but continue to trade close to an all-time low after falling 90% over the last 12 months. Advertisement The British clothing brand said revenue for the six months ended Oct. 28 fell 23.5% to 219.8 million pounds ($279.3 million), with sales hurt by unseasonably warm weather and underperformance at its wholesale segment. However, the group swung to a pretax profit of GBP3.3 million from a loss of GBP17.7 million the same period a year earlier due to the sale of intellectual property in the Asia and Pacific region. On an adjusted basis--which strips out exceptional and other one-off items--pretax loss widened to GBP25.3 million from GBP13.6 million, it said. Revenue for the 12 weeks ended Jan. 20 fell 14%, with milder weather and heavy discounting across the sector hurting Christmas sales. Advertisement Wholesale revenue for the sa
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