Australia's Super Retail Group falls on dismal outlook, higher costs

SUPER RETAIL

24/10/2024 01:24

** Shares of Super Retail Group  SUL.AX  fall as much as
2.9% to A$16.26, their lowest since Aug 21
    ** Retail group says the outlook for the consumer remains
uncertain, given ongoing cost of living pressure on household
budget
    ** SUL says total group and unallocated costs in FY25
expected to be A$40 mln ($26.53 mln), compared to A$36 mln in
FY24
    ** Co posts like-for-like sales growth of 2% for the first
16 weeks of 1H25
    ** Stock has risen 6.5% YTD


($1 = 1.5078 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com))