Supreme (#SUP) – emphasises ‘ahead of expectations’, though adj. EBITDA down on the prior year
- 2023-04-17 06:30:27
‘Fast-moving consumer products’ company Supreme (SUP) has announced results for its half-year ended 30th September 2022 including emphasising “pleasingly, the business has delivered a solid trading performance in the period” and that the full-year is “now expected to be ahead of market expectations”. So what of a current share price response down towards 100p?
‘Fast-moving consumer products’ company Supreme (SUP) states for its half-year ended 30th September 2022 that it “is pleased with the group's performance across the period, with trading in line with expectations for the year… remains positive about the group's future growth prospects” – and the shares have currently responded approaching 8% higher to 83.5p, though still comparing to above 110p as recently as August.
‘Fast-moving consumer products’ company Supreme plc (SUP) has announced “trading for the current financial year remains in line with market expectations… delighted with the progress we have made in increasing our retail penetration, alongside the positive impact of recent brand and product launches”, with this following “a strong performance across the year ended 31 March 2022”. So what of a share price currently down to 87p?
In May I noted on ‘fast-moving consumer products’ company Supreme plc (SUP) that it stated that it “continues to trade well and looks forward to updating the market further at the announcement of its year end results in July”, but that I noted clear challenges and, at a 135p share price, I continued to avoid. Today that results announcement.
Previously writing on consumer goods manufacturer, supplier and brand owner Supreme plc (SUP), in April the shares were down to 155p. They’ve recently though fallen further to 135p and it now announces a clarification on McColl's, a seller of its products.