Equities

Super Retail Group (ASX:SUL) delivers record sales but profit falls

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Super Retail Group, which owns Rebel, Supercheap Auto, BCF and Macpac brands,has reported a record year of sales in its full-year results but its profit fell 20%.

The company has warned rising interest rates and higher costs of living will start to impact consumer spending from early next year.

Group MD and CEO, Anthony Heraghty said the business will make significant investments in leveraging its first-party data by launching a new loyalty program, creating a customer data platform and enhancing its customer analytics.

Super Retail Group?s share price lifted more than 7% following the announcement.

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