SuperGroup’s Q1 trading update is very strong with a better performance in the UK and the underlying run-rate in wholesale is already ahead of the whole of the first half last year. Despite the shares being up 21 per cent relative over the last month, we feel strong momentum will continue.
JEAN ROCHE | PANMURE GORDON
Today’s solid set of results show that SuperGroup’s product offering was one of the few winners of the UK’s monsoon summer. Some investors may be tempted to get involved now, especially since inclusion back in the FTSE 250, effective on 24 September, looks very likely.
KATE CALVERT | SEYMOUR PIERCE
A solid update from the company with sales up by 10 per cent and retail like-for-like sales of 1.7 per cent. The company is now up against relatively easy comparatives, has a positive order book and has made visible improvements to the assortment over the last year.