Preview - Please log in to view full article.

Article Date: August 2023
Word Count: 495

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.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.