WASHINGTON (dpa-AFX) - U.K.-based apparel manufacturer Superdry plc (SDRY,SEPGF,SEPGY) reported that its fourth quarter group revenue rose 17.0% year-over-year to 159.7 million pounds. Quarterly store revenue climbed 203.0% from the prior year. Wholesale revenue growth was 2.7%.
Annual store revenue were up 59.8% year-on-year, as the company lapped enforced closures and restrictions were lifted in key markets, though footfall remains significantly below pre-Covid levels.
Annual ecommerce revenue decreased 24.0% year-on-year, reflecting an element of channel shift back to physical trading and reduced promotional activity, in line with strategic focus on full price sales.
Annual wholesale revenue growth was 4.2% year-on-year.
The company said it remains cautious on the macroeconomic outlook and the impact of inflation but are confident that its strategy is positioning the brand for future success.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
