Super Retail - First Impressions from reporting

Bell Potter

Super Retail (SUL): Auto segment sales up by 6.9%, EBIT up by 10.1% to $53.6 million | Leisure segment sales up by 2.9%, EBIT up by 53.7% to $20.6 million | Sports segment sales up by 8.5%, EBIT up by 19.5% to $50.9 million | Net Operating cash flow up 42.4% to $252m. | Outlook: Mr Birtles said that the Group was planning to open around 12 new stores across the Group in the second half, adding: “Through leveraging the combined strength and synergies offered through our Group structure, we are confident that we will be able to deliver continued sales growth across all brands, with improvements in profitability driven by investment in new and refurbished stores, omni retail capabilities, and supply chain and operating model efficiencies.

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