SuperGroup, the Superdry fashion company, enjoyed its fastest quarter of growth for more than a year in the three months to July as better design and better products fed through to faster sales.
Chief executive Julian Dunkerton, who could face shareholder ire at next week’s annual meeting over a £350,000 golden hello given to chief operating officer Susanne Given, said today’s figures “totally vindicated” it. He added: “Susanne was the perfect fit for our business and you can see from both our retail sales in the summer and wholesale deliveries for our autumn and winter range that both the brand and the products are getting better.”
Total quarterly sales were up 25.7% at £75 million. As the shares jumped 74p to 1233p, their highest for two years, brokers Canaccord said the sales uplift “bodes well” for the key Christmas period.
