Superdry has bounced back to profit after easing lockdown restrictions led to a resurgence in store footfall. Superdry lost almost 40 per cent of store trading days because of the coronavirus pandemic in the previous financial year, compared to only 4 per cent following the successful vaccine rollout. Wholesale purchases also grew modestly even though more prolonged Covid-related disruption in Europe led to elevated stock volumes being carried forward. Superdry shares surged 11.3 per cent to £1.14 on Friday, making them one of the second-highest riser on the London Stock Exchange behind JD Wetherspoon. 'This is a symbolically and fundamentally important moment for that company which has managed to swing from loss-making to profitability.

Source: Daily Mail October 08, 2022 00:11 UTC