Superdry (LON:SDRY) shares shot up over 10 percent on Thursday morning, on the announcement of a special dividend after a year of double digit growth.
Both sales and profits soared in the fiscal year to April 28th, with revenue up 16 percent to £872 million after a strong performance from its wholesale division.
Retail revenue was up 9.2 per cent, boosted by a 25.8 per cent rise in online sales. Store revenue also did well despite challenging high street conditions, rising by 3.4 per cent. Underlying basic earnings per share rose 10.8 per cent to 93.6p.
Euan Sutherland, CEO of Superdry, said Superdry had had “another strong year”.
“We have made good progress in delivering our strategy and significantly strengthened our platform and capabilities, while delivering another year of double digit growth in sales and profitability,” he said.
“Our focus remains on executing our growth strategy and realising the potential we have identified across products, geographies and channels.
“Whilst the consumer environment continues to be challenging, the Board remain confident that Superdry is a uniquely advantaged, highly cash-generative business that will continue to deliver sustainable growth for our investors. This confidence is demonstrated through our second special dividend in two years.”
Shares in Superdry (LON:SDRY) are currently trading up 9.92 percent at 1,285.00 (0925GMT).
