Superdry plc (LON: SDRY) have confirmed today that it will announce its preliminary results for the 52 weeks ended 27 April 2019 at 7am on Wednesday 10 July 2019, rather than on Thursday 4 July 2019 as previously indicated.
In its Pre-Close Trading Statement on 9 May 2019 Superdry referred to the fact that it will be making a non-cash onerous lease and store impairment provision in its full year results, which will benefit the underlying profit before tax in FY19 and subsequent years. As a consequence of the complexity of the work related to that provision, coupled with the recent management transition, Superdry has agreed with its auditors that it is appropriate to delay reporting its preliminary results for a short period to allow that work to be completed.
Underlying profit before tax in FY19 is expected to be in line with the revised market expectations that have been published following the Pre-Close Trading Statement on 9 May 2019. 1
- Superdry plc is aware of five analyst updates that have been published following the Pre-Close Trading Statement on 9 May 2019 with a range of £41.3m to £48.6m and an average of £44.7m.