Fashion brand Superdry returned to profit in its annual results, following the rollout of its restructuring plan.
The retailer’s pre-tax profit hit £33.8m for the 52 weeks ended 26 April, compared to its £48.3m loss seen the year before.
The company, which recently rebranded to Superdry & Co, said profit was driven by more than £130m in SG&A savings, targeted cost reductions, and impairment reversals linked to lease modifications.
Group sales fell to £374.6m over the period, from £488.6m in FY24, which it said reflected planned store closures, a disciplined approach to discounting, and a restructured wholesale network.
The business also saw the full implementation of its court-sanctioned restructuring plan over the year, which was launched in April 2024.
Key measures of the plan included rent reductions across 36 UK stores and the extension of debt facilities with Bantry Bay Capital and Hilco Capital to June 2027.
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Additionally, it featured a £10m equity injection in June 2024 and a further £4.3m raised in September 2025 to strengthen liquidity, as well as 47 store closures and the renegotiation of lease terms across its UK estate.
Superdry CEO Julian Dunkerton said: “FY25 has been a transformative year for Superdry.
“We have taken the tough but necessary decisions to reset the business, rebuild our margins, and restore financial stability.”
Entering FY26, Superdry said it was targeting medium-term sales between £350 to 450m, with mid to high-single-digit EBITDA margins.
Dunkerton added: “Our focus on design, quality, and sustainability is beginning to resonate again with customers.
“While the retail environment remains uncertain, we are emerging leaner, more disciplined, and better positioned to grow profitably.”
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