Super Retail Group flags inflation fears, despite solid Easter trading

Super Retail Group says inflation and higher wages might add to the group’s cost of doing business in the second half.

In a trading update, the group – which owns brands including BCF, Macpac and Rebel – reported a 10 per cent lift in sales during the first 43 weeks of the financial year, underpinned by strong Easter trading.

Group MD and CEO Anthony Heraghty said the current macro environment remains “challenging” for the business but assured shareholders that its market position and loyal customer base will help maintain trading.

“Offshore freight costs have returned to pre-pandemic levels however inflationary pressures on wages, rent and energy expenses will impact group cost of doing business in the second half,” he said.

By segment, sports retail subsidiary Rebel registered an 11 per cent lift in sales driven by growth in the football and basketball categories.

Camping and outdoor specialist Macpac delivered a “record” Easter trading result with total sales up 38 per cent.

BCF’s sales were up marginally by 2 per cent with “promotional intensity” observed in camping and outdoor categories.

The group has opened 14 stores during the year to date, with a further 13 scheduled to open before June 30. However, construction delays and development approvals might push some of those into the upcoming year.

• Further reading: Super Retail Group founder resigns from board, anoints successor

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