Super Retail Group’s Sporting Goods Biz Improves in FY23
Rebel Sports posted sales of $1,309.1 million ($875.1 mm) for the fiscal year ended July 1, up 8% over A$1,121.0 million in the 53-week FY ’22, or +10% excluding the prior year’s extra week. Comps improved 9% on higher transaction volume, while online sales declined 26% to $198 million. Basketball and soccer led category growth, benefitting from the “homes of sports” format launch and getting a boost from the World Cup and rebound in local sports participation. An 80 b.p. drop in gross margin was partially offset by down operating expenses, ... Log in to view full article.