Company News Summary
Super Retail Group Provides Trading Update
Original announcement: Trading Update May 2016
Super Retail Group provided an update on the trading performance of the Group. The profit performance of the Group's three divisions has been in line with expectations. The Auto and Sports Retailing Divisions are continuing to deliver growth in EBIT margin over the pcp. The Leisure Retailing Division continues to track below the pcp reflecting investment in lower prices, higher purchase costs and inventory clearance. In February 2015, the Group announced that it had undertaken a strategic review of the Ray's Outdoors business, which determined that the business has the potential to deliver strong growth and return on capital. In November 2015, the Group increased its ownership share of Infinite Retail, an online sports merchandise business, from 50% to 95%.
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