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February 21, 2022

Super Retail Group posts sales of $1.7bn in first half of FY22

The retailer expanded its store network by opening 15 stores in the six-month period.

Australian retail company Super Retail Group has reported sales of $1.7bn for the first half (H1) of the financial year 2022 (FY22), excluding 26 December. 

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The figure is 4% lower than the sales performance the company recorded in the first half of FY21 but 18.1% higher than that of H1 2020. 

During the 26 weeks to 25 December, Super Retail Group registered a 64% increase in online sales to $389m, which represented 23% of the company’s total sales. 

The company’s Click and Collect sales rose by 109% to $226m and its home delivery sales also increased by 26%, with more than one million home delivery orders completed in the period. 

Super Retail Group’s gross margin for the six-month period was 46.7% higher than pre-Covid levels after reporting a ‘strong’ rebound in the second quarter of the year. 

The company saw a like-for-like sales growth of 3.6% in the final ten weeks of the first half. 

Its net profit after tax was down by 35.9% to $110.8m, while sales grew 6% across all its businesses in January. 

Super Retail Group CEO and managing director Anthony Heraghty said: “We are pleased to have delivered a strong top-line sales performance in the first half, despite the challenges of Omicron and a disrupted global supply chain. 

“After Covid-19 lockdowns disrupted trade in the first quarter, we delivered a fast finish to the half, achieving a record second-quarter sales result.  

“We entered the second half with strong sales momentum, which has continued in the new calendar year.  

“Looking forward, the group will continue to reinvest in the business, including digital, loyalty and network to execute our strategic priorities and grow our four core brands.” 

Super Retail Group expanded its store network by opening 15 stores and carrying out 28 store refurbishments and relocations in H1. 

The company owns Supercheap Auto, Rebel Sports, Rebel Fit, BCF and Macpac. 

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.