Superdry has reported a return to revenue for the 12 months ending 26 April 2025, marking a major milestone in its turnaround plan following a turbulent interval of restructuring, delisting and management modifications.
Based on the corporate’s newest submitting with Firms Home, the retailer posted a statutory revenue after tax of £50.5 million, in contrast with a lack of £67.7 million within the earlier 12 months. The consequence was pushed by in depth cost-cutting measures and a tighter concentrate on worthwhile shops.
Group income, nonetheless, declined 23% to £374.6 million (in comparison with £488.6 million the 12 months prior) as a result of closure of 47 shops and the influence of decreased discounting.
Retail gross sales fell by 24% to £284.2 million, with ecommerce down 25% to £109 million. In the meantime, Wholesale income additionally dropped 23% to £90.4 million. Regardless of this, gross margin improved by 3.2 share factors to 58.2%.
Superdry attributed its turnaround to over £128 million in price financial savings. This included a streamlined retailer portfolio, a brand new web site launch and the consolidation of operations equivalent to closing its Belgian distribution centre.
Adjusted revenue earlier than tax got here in at £33.8 million, in contrast with a £48.3 million loss final 12 months.
This adopted the enterprise delisting from the London Inventory Trade in July 2024 and re-registered as a personal restricted firm in August 2025.
Julian Dunkerton, Chief Govt Officer, mentioned: “FY25 has been a transformative 12 months for Superdry. We’ve taken the robust however obligatory selections to reset the enterprise, rebuild our margins, and restore monetary stability.
“Our concentrate on design, high quality, and sustainability is starting to resonate once more with clients. Whereas the retail setting stays unsure, we’re rising leaner, extra disciplined, and higher positioned to develop profitably.”
Trying forward, the corporate mentioned the second 12 months of its turnaround plan has bought off to a powerful begin. Administration continues to focus on medium-term income between £350 million and £450 million.
