Superdry firm Supergroup faces £9m profit hit


Last Updated at 27 Nov 2014, 11:30 ET *Chart shows local time Supergroup intraday chart
price change %
868.00 p +

Related Stories

Shares in clothing firm Supergroup have fallen by a quarter after it said problems at a distribution warehouse would hit profits by between £6m and £9m.

The company behind the Superdry brand said the problems had seen a "reduction both in the amount of stock and range of sizes reaching its UK stores".

The firm said the problems centred on an upgrade to its Gloucester warehouse.

Supergroup's shares ended the day 30% lower at £7.07.

In a management statement, the firm said it estimated "the total cost of this isolated event, including the additional temporary warehousing capability and resulting lost sales will impact the current year's profitability by between £6m and £9m".

Supergroup, which is based in Cheltenham, also said its stock levels would increase by £2m.

Analysts believe the problem will add to a range of difficult factors facing the firm, including the tough consumer climate, a weak August and the unseasonably warm September weather discouraging the purchase of autumn clothes.

In July, Supergroup said that profits for the year to May had jumped by 110% to £47.3m.

Supergroup floated its shares on the London Stock Exchange in March 2010, at a price of £5 per share.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • How ebola spread graphicPatient zero

    How one boy’s death triggered Ebola outbreak

  • Passport control at airportNews quiz

    How much do you know about migration?

  • Phillip Hughes playing cricket for Australia in September 2014Brain trauma

    How is the brain injured and protected from injury?

  • Passengers pushing planeHeave!

    How many people does it take to push a plane?

  • Complainant'Like being in hell'

    The story of one victim of paedophile care home boss

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.