The Australian operator of four retail formats suffered an 11 percent drop in net profit after tax to A$242 million (€146.9m) for the 12 months ended July 1. Annual Ebit was down by 9 percent to A$400 million (€242.2m) for the group, which owns Rebel Sport, BCF, and Macpac. Total FY sales increased 2 percent to A$3,883 million (€2.35bn) from A$3,803 million. The consolidated results also include those from the Supercheap Auto chain.
At Rebel Sport, whose year-over-year store base remained at 159, annual Ebit declined by 25 percent to A$121 million (€73.3m) and the net profit was A$102 million (€61.9m). FY sales trickled down by 1 percent to A$1.29 billion (€781.0m) as comparable sales declined by 2 percent due to fewer transactions and lower average transaction value (ATV). Online sales increased by 12 percent year-over-year to A$222 million (€134.4m), representing 17 percent of all revenues. Strength in soccer and licensed apparel made performance sports the strongest category over the year.
At outdoor chain BCF, which ended the FY with 162 locations and 2.5 million active club members, the annual net profit improved by 6 percent to A$54 million (€32.8m). Ebit increased by 10 percent to A$67 million (€40.6m) as higher operating costs offset a 140-basis increase in gross margin. Bolstered by strong fishing sales that were aided by the introduction of in-store tackle shops, FY revenues rose by 5 percent year-over-year to A$879 million (€532.2m). Online sales grew by 9 percent to A$102 million (€61.8m), representing 12 percent of all revenues.
Macpac, which opened nine doors over the FY to increase the count to 97, reported a 28 percent decline in Ebit to A$22 million (€13.3m). Net profit slipped by 34 percent to A$19 million (€11.5m). The chain, which realized strong sales from backpacks, gear, and accessories, realized a 3 percent gain in annual sales to A$222 million (€134.4m). Same-store sales increased by 8 percent in New Zealand for the FY, but were down by 4 percent in Australia due to a milder winter.
Meanwhile, Super Retail Group is targeting an annual capital expenditure budget of A$165 million (€100.2m) in FY25 to fund store expansion, a new distribution center and enhancements to its customer loyalty programs. Through the seven weeks, year-over-year group sales were up 5 percent with a 15 percent gain for Macpac pacing the development. Footwear and apparel have fueled higher sales at Rebel, where seven-week sales were up by 1 percent. BCF, meanwhile, buoyed by continued growth in fishing, caravan and four-wheel drive (4WD), generated a 5 percent sales improvement.
