Super Retail Group (SUL) profit doubles
FY21 Result: A good result for the retailer with like for like sales growth of 23% over the year booking an underlying NPAT of $306.8m, about a ~2% beat to expectations and up 107% on FY20 . That said, lockdowns are currently biting with trading to start the 1st 7 weeks of the year showing signs of slowing growth hence the muted share price reaction. Shares are trading marginally lower at time of writing, down -0.61% to $13.05.
MM is neutral SUL at best around $13
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