Rebel owner Super Retail Group latest retailer to | Australian Markets
Rebel and Supercheap Auto owner Super Retail Group is the latest retailer to call out rising charges of shoplifting, warning criminals to “find alternative employment”.
The company blamed elevated stock loss for a 50 basis-point decline in gross margins to 45.6 per cent within the 2025 financial yr, notably at its fitness and sporting items chain Rebel.
SRG chief govt Anthony Heraghty on Thursday instructed traders because it unveiled full-year outcomes the retailer had skilled a “significant step up in stock loss activity during the period”.
“We’re no longer dealing with the teenagers stealing a pair of tracksuit pants in the change room,” he stated.
“Rather, this is a much more sustained and systemic problem, and encourage those involved with it to find alternative employment.”
SRG — additionally behind BCF and Macpac — posted report annual income of $4.1 billion within the yr ended June 28, up 4.5 per cent from a yr in the past.
But statutory internet revenue slumped 8 per cent from a yr earlier, coming in at $222 million.
SRG pays out a last totally franked dividend of 34¢ a share, plus a particular dividend of 30¢ a share, additionally totally franked.
SRG shares jumped 13.2 per cent to $18.71 in early trade.
More to come.
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