Warm Weather Leads To Supergroup Profit Warning

Here world Clothing and shoes Xiaobian of the network is to introduce the Supergroup issued a profit warning, blame the warm weather.

As the warm weather continues, the British fashion brand Superdry is extremely dry. company SuperGroup PLC also issued a profit warning yesterday, saying that the weather will have an impact on Superdry autumn and winter and products, especially the jacket. Therefore, the annual pre tax profit is expected to fall to 60 million pounds to 65 million pounds, far below analysts' expectations of 69 million to 73 million pounds.

Affected by the news, SuperGroup PLC (SGP.L) share price dropped nearly 10% on Friday, and the deadline for sending off the fashion net was 4:34 AM at 4:34 p.m. Eastern time. The stock fell by 8.70% pence.

SuperGroup said the fiscal year was a strong start, but the UK and Europe experienced warm weather in September and October and are expected to remain until November, which will lead to uncertainty in sales, while the 70%-80% profits of the group come from the second half.

Last week, SuperGroup PLC just announced that the founder and CEO of Julian Dunkerton will leave, replacing him as Euan Sutherland, the former chief executive of Co-operative Group.

Prior to SuperGroup PLC, its British apparel retailer Next PLC (NXT.L) was also affected by the weather and achieved only 5.4% in the three quarter ended October 25th. Sale The growth is far less than the group expected 10%, which is also lower than the analyst's forecast of 7%. Next PLC lowered the annual sales growth range from the former 7%-10% to 6%-8%, and the median pre tax profit decreased by 3% to 770 million pounds, after a profit of 795 million pounds, and the pre tax profit margin was reduced from the previous 7.75-8.15 billion to 7.5-7.9 billion.