Supercheap Auto and Amart Sports owner Super Retail Group says soft consumer spending has dampened its sales growth.
In the 16 weeks to October 21, sales in the group's auto division rose six per cent, while camping and leisure business BCF and Rays lifted sales seven per cent and the sports retail division gained five per cent.
Like-for-like sales were four per cent for auto, while leisure and sports each had two per cent like-for-like growth, the company said in a trading update to its annual general meeting on Monday.
Super Retail chief executive Peter Birtles says the growth was in line with the company's expectations.
"Althoughlike-for-likesalesgrowthhas beenslightlydampenedbythesubduedconsumerenvironment,wecontinueto generatesourcingandsupplychainefficienciesandaremaintainingstrongoperating costcontrolacrossthe group," he said in a statement to the ASX.
He said Supercheap Auto continued to perform strongly with growth in all categories and in most of its Australian and New Zealand stores.
The sports division, which is merging the Amart Sports business under the Rebel brand, delivered solid sales but BCF's like-for-like sales were slightly below the group's expectations.
The conversion of Amart Sports stores into Rebel is almost complete with only six stores yet to be converted, with those locations on track to be rebranded by the end of October.
In the 2018 financial year, Super Retail plans to open up to 10 new Supercheap stores and refurbish up to 44, open three new BCF stores, one new Rays store and three new Rebel stores.
The group made a profit of $101.8 million in the 2017 financial year, up 62 per cent on the prior year's profit.
Shares in Super Retail ended Monday down 11 cents, or 1.3 per cent, to $8.08.
Share
