12th May 2022 12:39
(Alliance News) - Superdry PLC on Thursday posted an increase annual revenue due to a rebound in sales at its physical stores.
Revenue in the financial year ended April 23 was up 8.0% at GBP600.7 million from GBP556.1 million the year before.
Store sales jumped 60% to GBP224.5 million from GBP140.5 million, rebounding after a 51% decline in the 2021 financial year. E-commerce, however, fell 24% to GBP153.4 million from GBP201.8 million, having advanced 33% in the 2021 financial year.
With Covid-restrictions being lifted, the amount of lost store days fell to 4% in the financial year 2022, down from 39% a year ago. In the last quarter ended April 2022, lost store days amounted to just 1%.
The Cheltenham, England-based clothing retailer remains cautious about its recently commenced financial year due to inflation, it said.
Chief Executive Julian Dunkerton added that the firm is "conscious of the cost-of-living pressures on consumers".
Company shares were 5.4% lower at 147.20 pence each in London on Thursday.
By Tom Budszus; [email protected]
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