Super Retail Group lifts FY26 cost expectations to $66m, fuel shock hurts sales
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The news: Super Retail Group has raised its FY26 group and unallocated cost expectations by $6 million to $66 million, in part driven by an early start on projects previously scheduled for FY27.
The numbers: Group like-for-like sales growth between week 27 and 44 of FY26 was 0.4% while total sales growth over that period was 1.9%.
Growth was spread across the Supercheap Auto brand, rebel sport and Macpac. Meanwhile, like-for-like sales for BCF fell 3.3% and total sales fell 1.2%.
Super Retail also told the market that group gross margin in the second half of FY26 to date is “modestly below the prior comparable period”.
The context: The retail group said that “sales momentum across all four brands was adversely affected by the onset of the Middle East conflict”.
Super Retail said BCF was the brand most impacted by elevated fuel prices and supply concerns, particularly in regional areas, as it led to a decline in outdoor activity participation. The company also said the separation of the Easter and Anzac day holidays was “unfavourable”.
The source: ASX
