Super retail (SUL) FY23 result insights

Sales downturn underway

Published: 21 August 2023

Super Retail Group reported FY23 EBIT growth of 10%. For the second-half EBIT dropped by 4%. Sales trends have held up well so far and the company has reduced its inventory. However, conditions are likely to be more challenging over the next year. As a result, profit margins will fall. The company will also have rising overheads and costs associated with its loyalty program in FY24e.

Not already a member?
Join now to get all the latest reports in full and stay informed.

Get started