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Super Retail Limited (ASX:SUL) had come forward and made an announcement about the half-year results. As per the information provided by the company, the total sales witnessed a rise of 6% on the prior corresponding period. However, excluding the contribution from the Macpac and Rays, the sales encountered a rise of 2.8%. The presentation issued by the company stated that, with regards to auto retailing, the total sales witnessed the growth of 2.7% because of the ATV. The company also stated that key categories of the accessories as well as maintenance have delivered robust growth. As per the release issued by Super Retail Limited dated February 14, 2019, the companyâs net profit after tax or NPAT stood at $71.7 million which implies the fall of 0.7% as compared to prior comparative period. Â
In the release, Super Retail Limited stated that it had made an announcement earlier that it will make the provision for total costs amounting to $42.6 million pre-tax ($30 million post-tax) with respect to the costs which are related to compensating the retail store managers for the underpayments over the six-year period. With respect to Sports Retailing, the company stated that total sales for this division witnessed a rise of 4% and stood at $523.9 million. The like for like sales growth of 3.2% was witnessed on the back of growth in the key metrics of units, transactions as well as average transaction value. The sports retailing EBIT (or earnings before interest and tax) witnessed a rise of 5.2% and stood at $54.4 million and the segmentâs EBIT margin happens to be 10.4%. The growth on the segmentâs EBIT of $2.7 million as compared to the prior comparative period was supported by the cost synergies flowing from transition to a single brand.
With regards to the outdoor retailing, the report stated that this division contains BCF, Macpac as well as Rays. The sales of this division witnessed a rise of $49.4 million as compared to the prior comparative period.
We would now see how the stock of Super Retail Limited performed today on the Australian Securities Exchange and how this stock had performed in the past. Today (i.e., February 14, 2019), the companyâs stock closed the session in green as its stock price witnessed the rise of A$0.020 per share or 0.261% and closed at $7.690. The market capitalization of Super Retail Limited stood at $1.51 billion, and the annual dividend yield stood at 6.39%. Talking about the past performance, as per Australian Securities Exchange, the Super Retail Limitedâs stock posted the return of -9.87% in the span of previous 6 months while, in the time frame of previous 3 months, the stock of SUL posted the return of 1.32%. As per the same source, it is having earnings per share or EPS of A$0.650 and the price-to-earnings ratio (P/E ratio) of 11.800x.
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