DJ Superdry plc: Response to Press Speculation
Superdry plc (SDRY)
Superdry plc: Response to Press Speculation
29-Jan-2024 / 07:00 GMT/BST
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29 January 2024
Superdry plc ("Superdry" or the "Company")
Response to Press Speculation
Superdry plc ("Superdry" or the "Company") notes the recent press speculation. In line with the Company's turnaround
strategy, the Company confirms it is working with advisors to explore the feasibility of various material cost saving
options. Whilst there is no certainty that any of these options are progressed, they aim to build on the success of the
cost saving initiatives carried out by the Company to date and position the business for long-term success.
As set out in the Company's H1 FY24 results last week, the Company has continued to prioritise driving forward its cost
reduction agenda. It is set to deliver in excess of GBP40m in savings this financial year, ahead of the initially stated
target of GBP35m, with more than GBP20m of those savings already achieved in H1.
Investor relations:
Matthew Lee investor.relations@superdry.com 44 (0) 1242 586747
Media enquiries
Tim Danaher superdry@brunswickgroup.com 44 (0) 207 4045959
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GB00B60BDXXX Category Code: SPC TIDM: SDRY LEI Code: 213800GAQMT2WL7BW361 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 300084 EQS News ID: 1824467 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
January 29, 2024 02:00 ET (07:00 GMT)
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