Super Retail Group anticipates subdued December half-year
Retail giant Super Retail Group is anticipating a somewhat subdued December half-year performance, revealing a modest 'record' sales achievement for the period on Monday.
Read MoreRetail giant Super Retail Group is anticipating a somewhat subdued December half-year performance, revealing a modest 'record' sales achievement for the period on Monday.
Read MoreSuper Retail Group (ASX:SUL) has announced a special dividend of 25 cents per share alongside a final dividend of 44 cents, following the company's report of increased sales and earnings for the year ending on July 1.
Read MoreReg Rowe, founder of Super Cheap Auto and then CEO and chair of its listed successor Super Retail Group, has stepped down after a 51-year association with the company.
Read MoreMixed results for the December half on Monday from two specialist retailers, with Super Retail reporting record sales and Baby Bunting suffering a near 60% slump in earnings.
Read MoreRetailers JB HiFi and Super Retail Group both saw strong September quarter sales growth from an artificially low base in the corresponding period a year ago.
Read MoreTuesday’s ASX session saw some good news released by outdoor gear and automotive products retailer Super Retail Group, as well as by digital real estate group Domain Holdings.
Read MorePandemic-related damage popped up in a couple of interims from retail groups on Monday, while Sonic Healthcare’s good run may just be petering out and A2 Milk’s luck about to turn.
Read MoreUnlike a year ago when it was clear retailing was doing very well in the rebound from the first wave of the pandemic (especially online during the shutdown), this time around it’s a very mixed bag.
Read MoreUBS lifts its target price to $13.50 from $13.20.
Read MoreCiti notes a strong result was delivered amid gross margin expansion in FY21. Buy rating and $14.40 target price.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by some local retailers: Coles, Super Retail Group, Bapcor and mall owner-operator Vicinity Centres.
Read MoreNeutral maintained. Target rises to $13.00 from $11.70, driven by upgrades to FY22 earnings estimates.
Read MoreAnother solid sales update from Super Retail Group as Australians continue to fiddle with their cars, get outside for a bit of exercise, boating or fishing, while wearing a nice pair of boots.
Read MoreFirst half results were in line with guidance and UBS notes cash flow was strong. UBS retains a Buy rating. Target is raised to $12.80 from $12.60.
Read MoreOutdoors and automotive retailer Super Retail Group has joined Coles in warning that its sales may start to slow in coming months as vaccines take hold and government stimulus spending eases.
Read MoreSuper Retail Group noted a net profit rise of 137% in the first half with sales revenue increasing by 23%. Credit Suisse has more confidence than the market in the company’s FY22 earnings prospects. Target price is $13.19.
Read MoreThe online retailing boom continues to show up in trading updates from major chains, with JB Hi-Fi and Super Retail Group’s December 30 half year updates showing big gains, albeit slightly slower than in the closing months of the June 30, 2019-20 year.
Read MoreWith consumer expenditure confined to local leisure and domestic pursuits, Super Retail was expected to do well in the first quarter. To what extent will this continue?
Read MoreConsumers shopped in larger quantities, less frequently and increasingly online during the height of the nationwide lockdowns. The question now is: which trends will persist and which stocks will benefit as restrictions ease?
Read MoreAs expected Brisbane-based Super Retail Group has been another retail group to have a ‘good’ pandemic. Like a host of other retailers, Super Retail has performed well because its chains were able to continue trading during lockdown and demand increased for things like home gym equipment, car products, and camping goods.
Read MoreThe pace of the Australian June 30 reporting season accelerates slightly this week. Among the handful of companies due to report including Resmed (Thursday), Insurance Australia Group (loss), News Corp (loss) and REA (Friday, a smaller profit).
Read MoreYesterday we saw two conflicting outcomes from retail issues – Super Retail Group attracted support from around two-thirds of its retail shareholders while online retailer, Kogan.com had to increase the size of its issue after being knocked down in the rush.
Read MoreA strong boost to sales is expected for key business units of Super Retail from a resurgence in domestic travel. Moreover, market concerns regarding the company’s balance sheet should be put to rest now with the company undertaking a $203m capital raising
Read MoreOutdoor, sportswear, and car parts group, Super Retail Group plans to raise $203 million to help grow its business as it emerges into a post-COVID-19 lockdown world.
Read MoreMacquarie considers the risk/reward more balanced now. The broker has feedback that suggests Supercheap Auto and Rebel are holding up well relative to other discretionary retail categories.
Read MoreCredit Suisse suspects investor debates will be heightened after the results, with rising costs countering strong growth in sales revenue and resulting in a flat profit outcome from the automotive and sports divisions.
Read MoreSuper Retail Group has become the third major retailer to announce staff underpayments this week, revealing on Thursday it has underpaid store managers and team members by $12.6 million more than it originally estimated.
Read MoreWith the prolonged bushfire crisis now abated thanks to the efforts of Mother Nature and tireless firefighters, Tim Boreham ponders the effect of the firestorm on listed equity exposures.
Read MoreSuper Retail has reported a fire and drought-related impact on its ‘outdoor’ division sales for the first half but several brokers question whether this curtailment of consumer activity has run its course.
Read MoreCredit Suisse considers it likely investors will look through the fire-related impact on stores in the first half. Nevertheless, more frequent and extreme events have the potential to affect retailer performance.
Read MoreSuper Retail – which owns Supercheap Auto, Rebel Sport, Boating Camping Fishing (BCF) and Macpac – says first-half trading had been subdued, with sales in its outdoor goods divisions directly hit by bushfires and smoke haze concerns and it is looking at a fall in earnings before interest and tax of up to 9% for the six months to December.
Read MoreThe company has presented its new strategy, incorporating a digital future. Credit Suisse notes a lot of changes are proposed so the need to successfully execute is high.
Read MoreA solid start to the financial year for Super Retail, but with retail conditions still rocky the company is relying on more promotional activity and profit margins are being crimped.
Read MoreOne of the best performers in yesterday’s market-wide slide was the Super Retail Group which rode out the sluggish retail sector in the year to June and seems to have managed to overcome a wage underpayment scandal, even though there will be an added cost from it in 2019-20.
Read MoreScott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA, discusses Australian retailer Super Retail Group (ASX: SUL) with Informed Investor.
Read MoreConfession season continued with a wide spread of companies providing updates yesterday, many to the annual Macquarie investment conference in Sydney.
Read MoreBrisbane-based Super Retail Group’s new CEO, Anthony Heraghty has made his first senior appointment since taking the top job earlier this month, choosing to back experience.
Read MoreFirst half results revealed solid margins and steady sales and Deutsche Bank observes the recently-acquired Macpac business produced a good result that reflects significant investment undertaken in the supply chain over the last 2-3 years.
Read MoreWell, that sort of went over like a lead balloon. What looks like to have been an attempt by Super Retail group to spin the bad news of a $34 million underpayment with staff with most of the interim financial results yesterday flopped, judging by the way the shares traded through the session.
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