Superdry Plc announces half-yearly results

  • Dec 12, 2019 GMT
  • Team Kalkine
 
  • For the 26 weeks to 26 October 2019, revenue declined by 11% year over year to £369.1 million
  • Due to reduction in promotional activities and full-price sales, gross margin increased by 250 basis points, partially offset by 180 basis points headwind related to foreign exchange movement.
  • The company has booked charges of £1 million relating to accounting of inventory and £6.9 million in relation to recovery of debt.
  • On 12th December 2019, the stock of SDRY was trading at GBX 480.20 at GMT 08:01 AM, down 19.8 points or 3.96% from its previous close.

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