UK clothing and accessories maker Superdry today posted double-digit growth in full-year revenue on strong online sales, and declared a special dividend.
Shares of the company jumped as much as 12% on the London Stock Exchange this morning as it stuck to its 2019 forecast for revenue and operating margin growth.
The company also said it would pay a 25 pence per share special dividend.
Superdry, whose trademark jackets, hooded tops and joggers are popular with young people, has looked to capitalise on e-commerce to offset pressures faced by its brick and mortar stores, which was hit by adverse weather in the UK earlier this year.
E-commerce revenue jumped 25.8% for the full-year, helping the company post a 9.2% rise in retail revenue, which makes up about 70% of their total.
Revenue from the wholesale segment surged nearly 30% in the year.
Group revenue rose 16% to £872m, while underlying profit before tax was up 11.5% at £97m.
