Super Retail punished for $134m Macpac buy

Original article by Eli Greenblat
The Australian – Page: 19 : 21-Feb-18

Super Retail Group has reported a 2017-18 interim net profit of $A72.2m, which is three per cent lower than previously and below analysts’ forecasts. Group sales rose by 2.2 per cent to $A1.323bn, although its BCF and Rays businesses underperformed. Meanwhile, Super Retail’s shares closed 14.5 per cent lower on 20 February after the group revealed plans to acquire outdoor adventurewear retailer Macpac for $A134m. Shareholders will receive an interim dividend of $A0.215 per share.

CORPORATES
SUPER RETAIL GROUP LIMITED – ASX SUL, BCF BOATING CAMPING FISHING, RAYS, MACPAC WILDERNESS EQUIPMENT, SUPER CHEAP AUTO, REBEL SPORT LIMITED

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