Super Retail Group Posts Positive, but Slowing Sales Growth; FVE Unchanged
No-moat-rated Super Retail Group continued to increase like-for-like sales across all three of its segments in the first 17 weeks of second-half fiscal 2017. However, in all segments, sales growth has slowed in the past 10 weeks versus the first seven weeks. This was due to a generally subdued retail environment weighing on customer traffic, particularly at its auto and sports stores. However, EBIT margins across all segments remain on track to expand year on year, assisted by good management of...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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