4th Sep 2023 13:29
Superdry PLC - Cheltenham, Gloucestershire-headquartered clothing retailer - Stock falls over 20% as trading resumes at midday in London on Monday, following the company's release of its delayed annual results on Friday. Trading in the shares on the London Main Market had been suspended from Wednesday last week, after Superdry missed a Tuesday deadline for publishing results for the financial year that ended April 29, blaming the delay on having a new auditor. On Friday, Superdry said it swung to a pretax loss of GBP78.5 million from a GBP17.6 million profit the year before, as revenue growth of 2.1% was outpaced by a 13% rise in selling and distribution costs.
Current stock price: 44.56 pence, down 21% in London on Monday afternoon
12-month change: down 63%
By Tom Waite, Alliance News editor
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