Australia's Super Retail hits record high on upbeat FY25 trading update

SUPER RETAIL

22/08/2024 03:52

** Shares of Super Retail  SUL.AX  rise as much as 6.5% to
hit their highest levels of A$17.740    
    ** The retailer says "it has made strong start to FY25"
    ** Co says it logged a 5% jump in total sales growth for
group in the first seven weeks of FY25
    ** Adds it reported a 2% rise in its FY group sales to A$3.9
billion ($2.63 billion)
    ** Stock rises as much as 6.5%, on track for its best
intraday gain since Feb 23, if current gains hold
    ** Stock up 5.6% this year, as of last close

    ($1 = 1.4857 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))