Updates from SuperGroup and Sports Direct

Updated: 
(FILES): This March 17, 2006 file photo shows the London Stock Exchange logo in London, England.  Merger mania gripped financial markets Wednesday, February 9, 2011 as the London and Toronto stock exchanges announced a tie-up and Deutsche Boerse and NYSE Euronext envisioned the world's largest bourse.   AFP PHOTO / Files / Ben STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images)The FTSE 100 drifted almost 16 points south on Wednesday, finishing at 6,507.7. Paper and packaging operator Mondi was the biggest faller, down -3.49% to 941p while easyJet shares showed the most resilience, rising +2.85% to 1481p.

Across the pond, the Dow Jones finished Wednesday down -0.8% at 15,843 following a rash of weak earnings.
We kick of with strong interim numbers from Sports Direct. UK Sports Retail group revenue climbs 23.5% to £1,345.1m while group gross profits climb +29.2% to £579.8m. Underlying profit before tax is +16.9% up to £146.2m while group gross margin climbs 190 basis points.

There's online sales growth of 43.0%, contributing 15.5% of total Sports Retail sales(4) (FY13 H1: 12.5%) while there's also international sports stores sales growth of 30.8%, excluding acquisition of EAG and SIG says Sports Direct.

"The performance of Sports Retail is particularly pleasing with significant growth in the UK, Europe and online," says chief exec Dave Forsey. "The Group's expansion in Europe has also continued with acquisitions in Austria and the Baltic states."

Next, interim numbers from the maker of Superdry high street togs, SuperGroup for the 26 weeks to 27 October. Retail revenues climb 19.3% with like-for-like sales growth 8.1%. Group revenues climbs 21.4% to £192.1m while profit before tax is up 21.8% to £17.9m.

Underlying profit before tax is up 21.8%. Full price internet sales climb 29.3% while strong performances in Europe is also claimed. SuperGroup says infrastructure and systems investment projects are on track and on budget.

"Product developments across the two most recent seasons, in particular in womenswear, have helped to deliver like-for-like growth," says chief exec Julian Dunkerton. "I am also pleased to report that the spring/summer 2014 order book is showing growth of circa 26%."

We end with final numbers from Domino Printing. Revenues climb 8% to £335m while pre-tax profits slip 1% to £53.0m. Underlying earnings per share is down 2% to 35.30p while dividends per share are up 5% to 21.66p.

Domino remains cautious about the prospects for 2014, but it's optimistic investments in new products and capabilities coupled with emerging market opportunities will fuel stronger organic sales growth in 2014.

"Action has been taken to direct investment to areas of the business with the strongest growth potential," says chairman Peter Byrom. "Strong cash flow has been maintained throughout the year. Net cash inflow from operating activities before tax was £54.9 million."