Super Retail posts modest sales growth in September quarter
Key points
- Group like-for-like sales grew by 0.2% in the three months to September, while total sales rose 2%.
- Following the announcement, the Super Retail Group share price was down at $13.
- The company stated that industry-wide headwinds weighed on consumer confidence and discretionary spending during the period.
Super Retail Group (ASX:SUL) reported group-like-for-like sales growth of 0.2% for the three months to September, alongside a 2% increase in total sales.
The company entered this reporting period facing broader economic pressures that have slowed consumer activity compared to previous periods.
"Group like-for-like growth moderated during the period as industry-wide headwinds weighed on consumer confidence and discretionary spending," stated Super Retail Group.
Across individual brands, Supercheap Auto recorded a 2.5% rise in like-for-like sales, Rebel posted 0.3% growth, BCF declined by 1.1%, and Macpac dropped 11.7%.
Following the announcement, the Super Retail Group share price was down at $13.
The company manages a prominent portfolio of retail brands across Australia and New Zealand, including Supercheap Auto, rebel, BCF, and Macpac.
The retail networks span automotive parts, sports equipment, boating, camping, and outdoor apparel items.
