Super Retail Shares Fall 3% After Group Like-for-Like Sales Grow in Fiscal H2 To-Date
MT Newswires Live
May 07
Super Retail Group's (ASX:SUL) shares fell 3% in recent trading on Thursday after it said in a filing late on Wednesday that group like-for-like sales grew 0.4% in the fiscal second half to date.
Total sales growth over the period was 1.9%. Group gross margin in the second half to-date is "modestly" below the prior comparable period.
Sales momentum across all four Super Retail brands was adversely impacted by the Middle East conflict, the filing said.
Total group and unallocated costs in the fiscal year are expected to reach AU$66 million, up from the previous forecast of AU$60 million, which includes the early commencement of projects previously targeted for fiscal year 2027.
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