American expansion
In the past fiscal year, Supergroup managed a 484.7 million pound (657 million euro) turnover, better than the 479.1 million pounds (650 million euro) analysts had expected. On a like-for-like basis, the company managed a 4.8 % turnover increase compared to the year before and particularly its strong fourth quarter performance (+18.4 % or 11.6 % on a like-for-like basis).
Supergroup has not published any final profit numbers, but CEO Euan Sutherland believes the company will manage the anticipated 60 – 65 million pound (80 – 88 million euro) operating profit. The company has acquired the brand’s American rights again and is preparing expansion in that market to boost its sales figures.
