Super Retail Achieves Quick Improvement in Leisure Performance. FVE Unchanged at AUD 9.00
Super Retail Group reported first-half fiscal 2017 earnings ahead of expectations, primarily due to management delivering a far quicker-than-anticipated rebound in the profitability of the leisure stores BCF and Rays. Of the remaining divisions, sports was in line with expectations, whereas operating results for Supercheap Auto were weaker than forecast for both sales and margins. We raise near-term forecasts for the leisure division, which are partly offset by a deterioration in the long-term o...Super Retail Group's main activities are result in the following business segments: Auto, which include retailing of auto parts and accessories, tools and equipment; Leisure, which include retailing of boating, camping, outdoor equipment, fishing equipment and apparel; and Sports, which include retailing of sporting equipment, bicycles, bicycles accessories and apparel. Co.'s principal brands include Amart Sports for sports products such as equipment, apparel and associated accessories; BCF for an outdoor retailer; Rays for an outdoor entertainment and camping leisure retailer; Rebel for sporting and goods such as fitness equipment; and Supercheap Auto for automotive parts and accessories.
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