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An update from Super Retail Group Limited ( (AU:SUL) ) is now available.
Super Retail Group Limited reported a positive trading update for the first 44 weeks of FY25, with a group like-for-like sales growth of 3.1% in the second half, driven by strong performance from BCF. Despite subdued retail conditions, particularly in New Zealand, and challenges such as a $5 million sales headwind from cyclone Alfred affecting rebel, the company maintained competitiveness by managing costs and strategic investments. The group also announced a project to replace its payroll system and build a new HRIM system, alongside transitioning to a new distribution center, which will incur additional costs in FY25 and FY26.
More about Super Retail Group Limited
Super Retail Group Limited operates in the retail industry, focusing on automotive, sports, outdoor leisure, and apparel markets through its brands Supercheap Auto, rebel, BCF, and Macpac.
Average Trading Volume: 764,035
Technical Sentiment Signal: Hold
Current Market Cap: A$2.99B
For a thorough assessment of SUL stock, go to TipRanks’ Stock Analysis page.