Warehouse fiasco to cost Supergroup £8.8m

Clothing firm Supergroup saw underlying profit before tax ease to £13.0m in the 26 weeks to 30 October from £13.5m at the interim stage last year.

Clothing firm Supergroup saw underlying profit before tax ease to £13.0m in the 26 weeks to 30 October from £13.5m at the interim stage last year.

Group revenue shot up 51% to £136.1m from £90.3m the year before.

The company said that the warehouse system and operational issues that affected its performance have been resolved. The profit impact of the distributions systems foul-up has been put at £8.8m for the full-year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

More to follow ...

--

jh