Profit edges up at SuperGroup

SuperGroup, the owner of the Superdry fashion brand, this morning posted a 13 per cent rise in first-half profit, shrugging off a series of profit warnings in the previous year.

Underlying pre-tax profit came in at £14.7m over the six months to October, edging up from the £13m it posted made over the same period last year and in line with analyst expectations.

Like for like sales growth slowed slightly, falling to 3.9 per cent from four per cent last year, although total sales for the fashion brand hit £158.2m – up 16.2 per cent year on year – over the period.

Chief executive Julian Dunkerton labelled the outlook as “uncertain”, although added that he was confident SuperGroup could deliver full-year profit targets.