Insight Report 3 minutes PremiumSupergroup [LSE: SGP] 1H17 PRE-CLOSE TRADING RESULTS: STRONG REVENUE GROWTH Coresight Research November 11, 2016 Executive Summary Supergroup reported 1H17 revenue growth of +31.1% year over year to £334.0 million, in line with the consensus estimate. New retail space contributed 15.0% to total sales growth. Retail comparable store sales increased 12.8% year over year in 1H17. 1H17 gross margin is expected to contract by 130bps, mainly reflecting a greater share of lower-margin wholesale revenues, as well as the dilutive impact from targeted clearance activity. The channel mix impact will contribute to about 80-90bps of gross margin erosion. The company expects 1H17 profit to fall in the range of £20-22 million, suggesting 9% year-over-year growth at the range midpoint, and FY17 profit to be in line with market expectations of £84.6 million. In 2H17, the company expects small gross margin accretion after some initial headwinds from input cost inflation. If this is delivered, this would suggest FY17 gross margin erosion of 40-60bps. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 36: Wilko Drives UK Store Closures Past 1,000Analyst Corner—The Latest on US GDP, with John MercerEarnings Insights 2Q23, Week 3: Alibaba Reports Double-Digit Growth; Capri Holdings, Hanesbrands, Qurate Retail and Under Armour See Sales DeclineRethinking Last-Mile Delivery: Building Customer-Centric Retail Experiences