Super Retail Group Has Strong Sports Results, Sees Turn in Outdoor
The Australian retailer’s net income fell 25% for the 53 weeks ended Jul. 2 to A$58.0 million ($44.1 mm) from A$76.9 million for the 52 weeks last year as sales rose 8% to A$2,423.8 million ($1,841.5 mm) from A$2,241.2 million. Last year’s results included a A$16.2 million loss from discontinued operations. The sports group had sales of A$910.2 million this year with an EBIT of A$77.8 million compared to sales of A$835.0 million last year and an EBIT of A$65.6 million; however the outdoor group had sales in the most recent FY of A$581.9 million and EBIT of A$18.6 million ... Log in to view full article.