Shares in Super Retail Group Limited (ASX:SUL) rose yesterday after the auto, cycling and leisure retailer said it had a strong first half.
Super Retail Group expects a 35 per cent increase in group sales for the last 26 weeks of the 2011 calendar year.
Group sales are expected to total $758.6 million, including the contribution of the Rebel Sports and Amart All Sports business from the end of October.
CEO Peter Birtles says the company’s auto and cycle and leisure divisions have continued to deliver solid like-for-like sales growth, maintaining the performance delivered over the last five years.
Shares in Super Retail Group closed 2.2 per cent higher yesterday at $5.58.
In the 2011 financial year Super Retail Group delivered a net profit of $55.6 million.
