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Super Retail Group Limited (ASX:SUL) announced amendments to its previous announcement titled “Trading Update and Group & Unallocated Cost Outlook,” which was released on May 7, 2025. The amendments pertain to the sales growth table, specifically the second and third columns, which detail the Total sales growth percentages for weeks 27-44 and weeks 1-44.
The Group’s Total sales growth for weeks 1-44 remains unchanged at 4.2 percent. The like-for-like figures in the original announcement also remain unchanged.
The announcement also provided a trading update for the first 44 weeks of FY25. The Group’s like-for-like sales growth for H2 FY25 to date has improved to +3.1 percent, compared to +1.8 percent in H1 FY25, driven by positive momentum at BCF. Despite a strong Easter trading period, retail conditions were described as subdued, particularly in New Zealand. Group gross margins in H2 FY25 to date are tracking below the prior comparable period, consistent with the year-on-year decline in H1 FY25.
Conditions in the Auto category in Q3 were consistent with those experienced in H1 FY25, with some stabilization noted in April. Rebel experienced accelerated growth in H2 FY25, even after absorbing a $5 million net sales headwind due to cyclone Alfred. BCF continues to show strong sales momentum, benefiting from strategic investment in stock availability and a solid Easter trading period. Macpac’s performance continues to be negatively impacted by its larger exposure to New Zealand.
The Group has initiated a project to replace its end-of-life payroll system and build a Human Resources Information Management system (HRIM). The project will be implemented over the next 12 months, with costs reported in the Group and Unallocated segment. The Group also expects to incur duplicated operating expenses and project costs related to the transition from existing distribution centre facilities to the new Victorian distribution centre. Total Group and Unallocated costs in FY25 are expected to be $42 million, compared to $36 million in FY24, including $10 million for the Victorian distribution centre duplication costs. These duplicated operating expenses and the new payroll and HRIM system will total $29 million in FY26 and will be part of the Group and Unallocated segment.
About Super Retail Group Limited:
Super Retail Group Limited is an Australia-based company primarily involved in the retail industry. The Company’s principal activities include retailing of auto parts and accessories, tools and equipment, retailing of boating, camping, outdoor equipment, fishing equipment and apparel, and retailing of sporting equipment and apparel. Its segments include Supercheap Auto (SCA), rebel, BCF and Macpac. Its Supercheap Auto (SCA) segment is engaged in retailing auto parts and accessories, tools and equipment. Its rebel segment is engaged in the retailing of sporting equipment and apparel. Its BCF segment is retailing of boating, camping, outdoor equipment, fishing equipment and apparel. Its Macpac segment is engaged in retailing apparel, camping and outdoor equipment. The Company operates in Australia, New Zealand, and China.
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