May 10, 2018 / 6:19 AM / 14 days ago

BRIEF-Superdry sees moderate operating margin expansion in FY 2019

May 10 (Reuters) - Superdry PLC:

* MULTI-CHANNEL STRATEGY DELIVERS STRONG REVENUE AND EARNINGS GROWTH

* GLOBAL BRAND REVENUE 1 INCREASED BY 22.1% TO £1.6BN IN FY18, DRIVEN BY CONTINUED STRONG STATUTORY REVENUE 2 GROWTH IN KEY STRATEGIC CHANNELS OF WHOLESALE (+29.6% YEAR-ON-YEAR) AND ECOMMERCE (+25.8% YEAR-ON-YEAR)

* EXPECTATION THAT UNDERLYING 3 FULL YEAR PROFIT BEFORE TAXATION WILL BE IN RANGE OF £96.5M TO £97.5M, REPRESENTING A FURTHER YEAR OF DOUBLE- DIGIT PROFIT GROWTH;

* PRIMARILY REFLECTING IMPACT OF TWO ASPECTS OF PREVIOUS GUIDANCE, FULL YEAR GROSS MARGINS ARE ANTICIPATED TO HAVE DECLINED YEAR-ON-YEAR BY APPROXIMATELY 200BPS

* SEES UNDERLYING FY PRE TAX PROFIT IN RANGE OF £96.5M TO £97.5M

* DURING FY19 WE EXPECT TO GENERATE HIGH SINGLE-DIGIT STATUTORY REVENUE GROWTH, LED BY DOUBLE-DIGIT GROWTH IN OUR CAPITAL LIGHT WHOLESALE AND ECOMMERCE CHANNELS

* OUR COMMITMENT TO FUTURE OPERATING EFFICIENCY AND INCREASED SCALE OF OUR TWO KEY DEVELOPMENT MARKETS WILL EACH CONTRIBUTE TO MODERATE OPERATING MARGIN EXPANSION. Source text for Eikon: Further company coverage: (Reporting By UK Bureau)

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