The company behind Superdry clothing is targeting full-year pre-tax profits of around £50 million, it has announced.
SuperGroup said it was increasingly confident about its prospects following a long period of uncertainty during which it was forced into major restructuring to turn around the finances and drive clothing sales.
The firm saw pre-tax profits slump by 30% to £13.9m in the first half of the year, but a solid performance in the third quarter which includes Christmas trading saw retail sales climb 14.4% year-on-year to £89.8m.
On a like-for-like basis, which strips out income from the 15 new franchised stores which opened in Q3, sales were ahead by 10.6% on the previous year.
The wholesale division also saw a 5.4% improvement on the previous year, with total sales in the 13 weeks to January 27 coming in at £25.3m. Total group sales in the quarter were 12.3% up at £115.1m.
