SuperGroup says problems are behind it as sales increase 42%
11 April 2012
SuperGroup today claimed to have put recent "logistical" problems behind it, reporting surging sales in the past three months.
The owner of the Superdry clothing brand was hit by disruption at its warehouse which forced it to issue a profit warning last month.
Today it said in an interim management statement that sales in the quarter to the end of October were up 42% to £82 million and that it had learned "valuable lessons" from what had been a "demanding period". The shares, floated at 500p, have yo-yoed dramatically of late. Today they moved up 12.8p to 737.8p.
Founder and chief executive Julian Dunkerton who owns 30% of the stock, today said: "If you get the product right, the share price will take care of itself."
