Business
Super Retail Group’s bet on stock pays off with bumper profits – The Australian Financial Review
The owner of Supercheap Auto, Rebel, BCF and Macpac bought 30 per cent more stock to meet demand. The bet paid off, with profits more than doubling.
The capital raise gave us confidence to go long on stock we made that Christmas bet and it paid off handsomely and were now refreshing our inventory, he said.
Mr Heraghty flagged a strong June-half, saying same-store sales growth had accelerated in recent weeks as stock levels improved after running short before Christmas.
Group like-for-like sales rose 30.5 per cent in the first seven weeks of the June-half after rising 24 per cent in the December-half, underpinning 23 per cent sales growth to…
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