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Super Retail Group cuts dividend as profit falls 21pc – The Australian Financial Review

Underlying net profit rose 1 per cent to $154.1 million as higher wage costs and stock clearance offset a rebound in sales.

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“Keeping stores open for our customers while successfully pivoting to meet increased demand in our online sales channels has enabled the group to profitably navigate an extremely challenging period for retail and deliver 44 per cent annual online sales growth.”
After a tough first-half and third quarter due to the bushfires, Super Retail Group enjoyed a sales boom in the June quarter as the country came out of lockdown.
With international travel banned, consumers snapped up fitness equipment, …

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