|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.36 - 6.36|
|52 Week Range||5.04 - 16.75|
|Beta (3Y Monthly)||3.03|
|PE Ratio (TTM)||6.25|
|Forward Dividend & Yield||0.49 (6.87%)|
|1y Target Est||N/A|
Superdry had issued a string of profit warnings, the latest in December, and its shares have slumped 75 percent over the last year, as it struggled to expand beyond its trademarked winter hoodies and jackets and demand fell in its wholesale and ecommerce business. Investors voted to hand back operational control of the company to Dunkerton in April. Dunkerton's return prompted the exit of most of its board members and his appointment as interim chief executive officer.
Dunkerton, the former boss of Superdry, on Tuesday was voted back on the board by a slim margin and hours later was named interim chief executive officer after winning the backing of shareholders looking for a revival of the fashion group's fortunes. The move did not sit well with most of Superdry's board, which had opposed his comeback. Chief Executive Officer Euan Sutherland, who has been at the helm for five years, resigned immediately.
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The company, whose main products are sweatshirts, hoodies and jackets, has seen its share price slump 64 percent over the past year following several profit warnings, the latest in December. Needing a simple majority of votes cast at general meeting of investors to return as non-executive director, Dunkerton secured 51.15 percent. The majority of Superdry's board, which had opposed his comeback, stepped down with Chief Executive Euan Sutherland subsequently resigning with immediate effect after five years at the helm.
The British fashion group has been engaged in a battle with Dunkerton since the former CEO called for the shareholder meeting in an attempt to force a return to the company's board after a raft of profit warnings. Dunkerton and Superdry's co-founder and former brand and design director, James Holder, said earlier this month they wanted to place Williams, current chairman of online fashion retailer Boohoo, on the company's board. Dunkerton, in a letter to shareholders on Thursday, said he would work to restore double-digit percentage EBIT margins and rebuild profitability in two to three years.
British fashion group Superdry, whose strategy has been criticised by the company founder, reported lower revenue in the Christmas quarter, blaming issues with its product range and mild weather. Superdry, whose main products are sweatshirts, hoodies and jackets, has issued a string of profit warnings, the latest in December, and its shares have slumped 70 percent over the last year. Superdry's management, led by Chief Executive Euan Sutherland, is under fire from Julian Dunkerton, the company's founder and former CEO who left the business last March but still owns 18.4 percent of the equity.
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The warning came as bigger rival Inditex (ITX.MC) also blamed an abnormally warm September in part for missing third-quarter profit forecasts. Superdry said a "difficult trading period" had knocked 11 million pounds off profit last month and it expected to take another hit in December if trading conditions did not improve. It said its underlying profit before tax could almost half to between 55 million and 70 million pounds in the year ending April 2019, compared with the 97 million pounds made in 2017-18.
Superdry Plc sales continued to suffer from unusually warm weather through the British fashion chain's two biggest trading months in November and December, prompting it to warn on Wednesday of an 11 million pound hit to profit last month. Superdry also forecast that its underlying profit before tax for the year could almost half compared to 2017 and pre-market indicators pointed to a 10 percent fall in shares on opening on Wednesday. The FTSE 250 company joins a growing list of European retailers, including the suit company Moss Bros Group and online fashion vendor Zalando SE, that have financially suffered because of the unusually warm weather.
Superdry Plc sales continued to suffer from unusually warm weather through November and December, the British fashion chain's two biggest trading months, prompting it to warn on Wednesday of an 11 million ...
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