Super Retail Group posts full-year sales, profits

Super Retail Group posts full-year sales, profits

Super Retail Group has reported record sales and improved profitability in full-year results.

For the year ended July 1, group sales reached $3.8 billion, up 7 per cent while statutory tax-paid profit grew 9 per cent to $263 million, with group like-for-like sales up 8 per cent.

Group online sales fell 12 per cent to $445 million as customers returned to in-store shopping. Click & Collect accounted for 48 per cent of group online sales.

Sales of Supercheap Auto increased by 8 per cent to $1.45 billion. Auto maintenance was the strongest performing category, reflecting a growing shift to do-it-yourself.

Sports retail subsidiary Rebel’s sales increased 8 per cent to $1.31 billion while online sales reached $198 million and represented 15 per cent of total sales.

Active club membership grew 13 per cent to $3.7 million and club members represented 73 per cent of total Rebel sales. Basketball and football were the highest-performing categories.

BCF sales were up 1 per cent to $840 million with online sales of $94 million, or 11 per cent of total sales.

By category, fishing delivered the strongest growth followed by camping sales which were in line with record performance.

Camping and outdoor brand Macpac reported a 22 per cent increase in sales to $216 million, supported by an increase in travel and outdoor adventure activities.

Like-for-like sales improved 26 per cent in Australia and 20 per cent in New Zealand. Key travel categories include thermals, backpacks and luggage which benefitted from outbound tourism.

The retailer registered $39 million in online sales and opened six new stores and closed two stores, bringing it to a total of 89 stores at the end of the period.

Group MD and CEO Anthony Heraghty said he is “pleased” with the results and added the group’s financial performance was underpinned by the addition of more than a million active club members.

“Despite the increase in interest rates and cost of living expenses, which have affected consumer spending, the group has delivered a resilient second-half trading performance.

“The group achieved six per cent like-for-like sales growth in the second half, with all four core brands reporting positive same-store sales growth.”

“This result is testimony to the leading market position of our brands, the resilience of the categories in which we operate, the quality of our team and the strength of our connection with our loyal and expanding customer base.

In April, the founder of Super Retail Group, Reg Rowe, retired after nearly 50 years in the business.