Superdry plc: FY24 Trading Statement
Retrieved on:
Wednesday, December 20, 2023
Despite progress on our cost savings programme and inventory reduction, full year profitability expected to be impacted by well-documented challenging trading environment.
Key Points:
- Despite progress on our cost savings programme and inventory reduction, full year profitability expected to be impacted by well-documented challenging trading environment.
- Superdry plc (“Superdry” or the “Group”), today issues a trading update for FY24 covering the 26-week period to 28 October 2023 and an update to current trading covering the 6-week period to 10 December 2023.
- Profits for the year are therefore expected to reflect this weaker trading seen to date.
- Whilst we have seen modest signs of improvement through the recent spell of colder weather, current trading has remained challenging, and this is reflected in the weaker than expected business performance.