AUS
NZ
UK
CA
USA
IND
Highlights
- In FY24, Super Retail Group’s sales grew 2.1% YoY to AUD 3,882.60 million, with 9% YoY increase in online sales
- In FY24, store count increased to 759 (up from 736 in FY23)
- The company plans to allocate AUD165 million in capital expenditure in FY25
Super Retail Group Limited (ASX:SUL) is an ASX-listed retail company that operates through segments including Supercheap Auto (SCA), rebel, BCF and Macpac. In the financial year 2024 (FY24), the company recorded 2.10% YoY increase in sales to AUD 3,882.60 million. The group sales were largely flat due to increased cost of living. During the reported period, online sales grew by 9% YoY to AUD 485 million and online sales as percentage of total sales grew from 12% in FY23 to 13% in FY24.
The period saw 3.78% YoY drop in total segment EBITDA to AUD 738.60 million and 8.71% YoY decline in profit attributable to owners to AUD 240.10 million. The store count was 759 at the end of FY24, compared to 736 at the end of FY23.
In the first 16 weeks of FY25, the company recorded 2% like-for-like sales growth and 4% increase in sales growth.
Outlook
In FY25, a one-off increase in operational expenses of AUD 8 million is expected as the company is transitioning to a new Victorian distribution centre, contributing to unallocated costs of AUD 40 million, compared to AUD 36 million in FY24.
The company plans to allocate AUD165 million in capital expenditure for enhancements of customer loyalty programs, support store development and the new distribution centre. Also, the funds will aim at strengthening omni, cyber and digital capabilities.
Top 10 shareholders of SUL
The top 10 shareholders of SUL have around 40.06% shareholding in the company. SCA FT Pty. Ltd has the highest stake in the firm with a shareholding of around 27.23%, followed by The Vanguard Group, Inc., with a shareholding of almost 2.08%.
Share performance of SUL
SUL shares closed 0.47% lower at AUD 14.89 apiece on 10 December 2024. In the past year, SUL’s share price has increased by 2.41%, while in the last three months, the share price has declined by nearly 13.58%.
52-week high of SUL is AUD 18.40, recorded on 9 October 2024, and 52-week low is AUD 12.06, recorded on 23 May 2024.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 10 December 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
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