Super Retail’s leisurely fall

Wilson Asset Management

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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