Date : 18/02/2021

Super Retail’s (ASX:SUL) Performance in the first-half of FY2021

Super Retail Group Limited is primarily involved in retailing of auto parts and accessories, tools and equipment, retailing of boating, camping, outdoor equipment, fishing equipment and apparel and retailing of sporting equipment and apparel. The Group has three divisions namely Auto, Outdoor and Sports. Super Retail delivered a positive first half earnings report for FY2021 and very good customer demand has helped Super Retail Group to deliver good first-half results with impressive top-line growth and higher gross margin.

The group’s online sales were up 87% to $237.4 million. The total group sales were up 23% to $1.78 billion. These increased revenues have resulted in the EBITDA of Super Retail going up by 95% to $311.4 million. The net profit before tax recorded was $172.8 million – a 201% increase over the previous corresponding period. Super Retail also announced 33 cents fully franked dividend per share.

Super Retail shares closed trading at $11.81 a share – up 2% today. They have gained 25% over the past year and now demand a market capitalisation of $2.6 billion. The ecommerce and retail sector is booming and Super Retail has become one of the top ASX retail stocks of 2021.

Super Retail has confirmed a guidance of $100 million for FY2021 as they are going to be investing in digital and omni-retail, and also fund their store development program.

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