Super Retail Group: FY23 earnings - Pretty special
About the author:
- Author name:
- By Alexander Mees
- Job title:
- Co-Head of Research and Senior Analyst
- Date posted:
- 17 August 2023, 8:00 AM
- Sectors Covered:
- Gaming and Retail
- Super Retail Group (ASX:SUL) reported positive growth in sales and earnings in FY23, despite cycling elevated comps. Better than expected margins meant NPAT was 9% higher than our estimates. SUL declared a 25c special dividend, and at this stage we think it will declare another one this time next year.
- Our NPAT forecasts rise by 1% in both FY24 and FY25.
- We retain an ADD rating with an increased target price of (login to view).
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