12/10/2023 09:18

Super Retail Group Ltd (SUL) $12.34

Unlike many companies, diverse retailer SUL, which owns brands such as Super Cheap, Rebel & BCF, talked more positively about the start of FY24, and the stock reacted accordingly, surging above $14. FY23 numbers were also strong; sales of $3.8bn were up 7.1% on the year and in line with consensus, while Net Profit After Tax (NPAT) of $273.5m was up +12%, ahead of the expected $261m.

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17/08/2023 17:16

Super Retail Group (SUL) $13.72

SUL +2.85%: A strong FY23 result for the diverse retailer today with brands such as Super Cheap, Rebel & BCF, however importantly, they also talked more positively than others about the start of FY24; it has slowed but remained resilient.

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28/07/2023 09:26

Retail

The Retail Sector prefers lower bond yields as most Australians feel richer and subsequently spend more across the board, a trend that is obvious but perhaps not as substantiated with less than 40% of Australians living with a mortgage!

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29/06/2023 09:22

Super Retail Group Ltd (SUL) $11.23

Yesterday we saw Harvey Norman guide to FY23 profits that were largely inline with the markets expectations when taking into consideration their higher property revaluations (+$119m) which continue to defy gravity – how do you do it Gerry! That, along with better inflation numbers saw the retail sector storm higher, and we now pose the obvious question, has the sector seen the lows?

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23/05/2023 09:32

Super Retail Group Ltd (SUL) $12.21

Yesterday saw JB Hi-Fi (JBH) fall the most in 3 months as the retail stocks endured a tough day at the office, SUL fared even worse ending down -3.9% as profit-taking seemed to hit some of the sector’s best performers year to date. SUL has struggled since it delivered a trading update earlier this month when presenting at the Macquarie Conference.

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04/05/2023 17:05

Super Retail Group (SUL) $12.49

SUL -7.14%: the retailer slipped to 5-week lows today following a trading update last night ahead of their Macquarie Conference presentation. Sales growth was strong, though it has moderated across most brands since the previous update ~10 weeks ago.

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14/02/2023 09:14

Super Retail Group Ltd (SUL) $11.79

SUL is a stock MM has liked for a while, it owns Supercheap Auto, Rebel Sport, BCF & others, last month it beat market expectations with its 1H earnings with sales up 11% and a significant drawdown in inventory which helped margins. In our opinion, the stock is not too expensive trading on a 10.8x valuation plus its forecast to yield 6.8% over the next 12 months • We can see SUL drifting lower with the Consumer Discretionary Sector but it’s a quality operator that we like into weakness

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16/01/2023 17:01

Super Retail Group (SUL) $12.34

SUL +7.68%: the retailer traded to a near 11-month high today after announcing preliminary 1H numbers. Sales were up 11% across the board on a like-for-like basis led by strength in Macpac, Supercheap and rebel, though some weakness in their BCF brand weighed. The company noted a significant drawdown in inventory, helping to reduce costs and improve margins. The company pointed to a strong Christmas trade and expects profit before tax (PBT) of $213-218m, a small beat to expectations.

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01/11/2022 09:22

Super Retail Group (SUL) $10.28

SUL rallied +2.4% yesterday actually making it the worst-performing stock in the sector. MM has recently discussed retailer SUL which operates well-known brands such as Supercheap Auto, Rebel, and BCF as one of, if not our most preferred vehicles in the Australian retail space, and it’s slowly starting to perform rallying over +15% in October.

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16/09/2022 09:23

Super Retail Group (SUL) $9.84

MM has flagged retailer SUL which operates well-known brands such as Supercheap Auto, Rebel and BCF as one of, if not our most preferred vehicle into the Australian retail space.

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