Read more
10:35 AM · 19 December 2023

Superdry board fears challenging business environment; shares drop more than 15%

Superdry
Stocks
SDRY.UK, Superdry PLC
-
-

Shares of UK-based Superdry (SDRY.UK) are currently losing more than 15% after the company warned that its full-year earnings will suffer due to a difficult market environment.

The apparel retailer pointed to an "unusually mild autumn" that caused it to delay its AW23 (autumn/winter) collection update. Retail sales fell 13% year-on-year in the six months to October 28, while wholesale sales fell 41%.

"Despite progress on strategic priorities and the ongoing balance sheet recapitalization program, the external environment proved challenging and trading performance was well below management's expectations. Earnings for the year are therefore expected to reflect the weaker trading performance seen to date," - The company warned.

The company's shares are losing nearly 15.5% today and are trading at the lowest levels in the company's history. Source: xStation

25 November 2025, 6:49 AM

Morning wrap (25.11.2025)

24 November 2025, 4:21 PM

📈 US100 gains 2.1%

24 November 2025, 2:34 PM

Omnicom and Interpublic Join Forces. Will the Merger Be Enough to Catch Up with Big Tech?

24 November 2025, 1:23 PM

Has Alphabet just won the AI race?

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits