Super Retail Group (ASX: SUL) provides the following update on its trading performance for the 26 week period ending 26 December 2020. 1 SUMMARY • Record result driven by unprecedented consumer demand throughout the period
• Group sales growth of 23 per cent and like-for-like sales growth of 24 per cent
• Online sales increased by 87% to $237 million
• Group gross margin 270 bps higher than the prior comparative period (pcp) supporting higher EBIT margins across all four core brands
• Provisional segment EBIT (pre-AASB16) range of $253 million to $256 million, between 119 per cent and 122 per cent higher than pcp
• Provisional Normalised NPAT (pre-AASB 16) range of $174 million to $177 million, between 135 per cent and 139 per cent higher than pcp
• Statutory NPAT range of $170 million to $173 million, between 196 per cent and 201 per cent higher than pcp