News: SUL Super Retail Group Says FY Normalised Net Profit After Tax Down 20% To A$244.1 Million

Aug 17 (Reuters) - Super Retail Group Ltd (SUL) :

• FY NORMALISED NET PROFIT AFTER TAX DOWN 20 PER CENT TO A$244.1 MILLION
• FY TOTAL GROUP SALES UP 2.8 PER CENT TO A$3.55 BILLION
• FULLY FRANKED FINAL DIVIDEND OF 43.0 AU CENTS PER SHARE
• FY GROUP LIKE-FOR-LIKE SALES DOWN 0.6 PER CENT
• FY ONLINE SALES UP 44 PER CENT TO A$601 MILLION
• HAS MADE POSITIVE START TO FY23 WITH ALL FOUR CORE BRANDS DELIVERING STRONG LIKE- FOR-LIKE SALES GROWTH
• EXPECTS RISING INTEREST RATES AND HIGHER COSTS OF LIVING WILL START TO IMPACT CONSUMER SPENDING IN SECOND HALF
• TARGETING CAPEX IN FY23 OF A$125 MILLION TO FUND ITS STORE DEVELOPMENT PROGRAM AND INVESTMENT IN OMNI AND DIGITAL CAPABILITY
• GROUP AND UNALLOCATED COSTS IN FY23 ARE EXPECTED TO INCLUDE CORPORATE COSTS OF A25 MILLION AND A19 MILLION OF EXPENSED COSTS