Super Retail’s leisurely fall
Super Retail Group (ASX: SUL) released their half yearly results today, missing market expectations by approximately 8%. The company announced net profit rose 33.6% to $44.9 million in the six months to December 26. The company’s leisure business, which includes BCF and Ray’s Outdoors, reported a 40% fall in operating profit, highlighting the weak conditions and intense competition in that market. Shares in Super Retail Group closed down 18% for the week. We own Super Retail Group in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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