Supercheap Auto, BCF sales jump as Rebel slows
Key Points
- Why it matters: Super Retail is a major seller of sports apparel and auto parts.
- The group delivered record sales growth in the first half year driven by Supercheap Auto and BCF.
- Rising costs from higher wages and rent will dent gross margin.
Super Retail Group, the owner of Rebel and Supercheap Auto, posted robust Christmas trading with a 3 per cent rise in sales in the first half, but warned rising wages and rents are tipped to dent its profit margin.
Chief executive Anthony Heraghty said the group, which also counts Macpac and BCF as part of its retail stable, delivered another record interim sales result across its more than 700 stores, defying cost-of-living pressures.
An earlier version of this story stated revenue for BCF is tipped to be $673 million in the first half and profit before tax will be between $64 million and $65 million, that is not correct, it will be $484 million and PBT of between $40 million and $41 million.
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