Australia's Super Retail jumps on strong start to year

SUPER RETAIL

25/10/2023 01:04

** Shares of Australia's Super Retail  SUL.AX  rise as much
as 4.8% to A$12.75, marking their biggest intraday pct gain
since Aug. 7
    ** SUL hits its highest level since Oct. 13
    ** Auto goods giant says saw sales growth of 4% in first 16
weeks of FY24
    *** Adds like-for-like sales growth 2% in first 16 weeks of
FY24 
    ** Says co has opened 6 stores so far in FY24, remains on
track to achieve target of 24 store openings in FY24
    ** Stock up 15.9% YTD, as of last close

($1 = 1.5733 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))