Super Retail Group FY24 performance highlights

Super Retail Group (ASX:SUL), a leading Australian retail company, has reported a strong performance for the fiscal year 2024. Despite high inflation and changing consumer behaviors, the company achieved record sales and expanded its store network. Total revenue increased by 2% to $3.9 billion, and the net profit after tax was $240 million. The Board declared fully franked dividends totaling 119 cents per share.

Super Retail Group's strategic outlook

Super Retail Group (ASX:SUL) has demonstrated resilience in a challenging retail environment by achieving record sales and expanding its store network. The company aims to leverage its customer loyalty programs, which now have over 11.5 million active members, and contribute to 77% of total sales. Looking forward, the Group plans to open 25 new stores and invest further in digital capabilities and customer personalization. The company also places a strong emphasis on sustainability, having reduced greenhouse gas emissions by 23% since 2017. The strategic focus includes enhancing customer experience, increasing trade customer engagement, and addressing climate and sustainability issues through a newly established Board Risk and Sustainability Committee.

Executive insights on company performance

The company is focused on long-term value creation for stakeholders, despite facing challenges such as high inflation and shifts in consumer behavior. Our robust customer loyalty programs and strategic investments position us well for future growth.